2019 UEM Edgenta Annual Report

184 185 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION Notes to the Financial Statements For the year ended 31 December 2019 Notes to the Financial Statements For the year ended 31 December 2019 UEM Edgenta Berhad Annual Report 2019 3. REVENUE Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Revenue from contracts with customers (a) Consultancy 131,920 114,109 - - Healthcare services 1,132,215 984,584 - - Infrastructure services 915,609 881,965 - - Property and facility solutions 192,215 189,422 - - Others 39,236 12,524 - - Management fees - - 76,860 61,493 2,411,195 2,182,604 76,860 61,493 Revenue from other sources Dividend income from subsidiaries - - 223,800 179,582 Total revenue 2,411,195 2,182,604 300,660 241,075 (a) Revenue from contracts with customers are recognised: - At a point in time 48,258 39,039 - - - Over time 2,362,937 2,143,565 76,860 61,493 2,411,195 2,182,604 76,860 61,493 The transaction price allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at 31 December 2019 due within one year is RM1.5 billion (2018: RM1.7 billion) and due more than one year is RM7.5 billion (2018: RM7.7 billion). These relate to performance obligations from long term service contracts that is to be satisfied within one to nineteen years. 4. COST OF SALES Group 2019 RM’000 2018 RM’000 Consultancy 75,836 61,191 Healthcare services 954,466 809,671 Infrastructure services 733,740 734,891 Property and facility solutions 154,833 154,842 Property development: - completed property held for sale (Note 20) 25,197 11,629 - other costs 316 513 1,944,388 1,772,737 5. OTHER INCOME Included in other income are: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Dividend income from short term investments 1,264 3,682 - - Interest income from: - fixed deposits 6,430 9,633 847 2,051 - advances to subsidiaries - - 3,381 3,382 Reversal of deferred consideration payable (Note 31(d)) 5,320 9,345 5,320 9,345 Bad debt recovered 134 1,534 - - Reversal of ECL provision on trade and other receivables (Note 21) 28,019 2,714 - - Net foreign exchange gain: - realised 3 166 - - - unrealised 21 209 - - Gain on disposal of a subsidiary (Note 17(e)) 1,483 - - - Accretion of interest on concession receivables 18,908 19,088 - - Rental income - - 8,307 3,104 6. FINANCE COSTS Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Interest expense on: - bank borrowings 24,019 26,391 14,202 14,178 - finance lease liabilities - 308 - - - loan from a subsidiary - - 4,250 3,299 - lease liabilities (Note 37) 1,713 - 1,095 - Accretion of interest on deferred consideration payable (Note 31(d)) - 99 - 99 Amortisation of capitalised borrowing cost 679 434 125 125 Commitment fees 547 268 - - Unwinding of discount 232 - - - Bank charges 764 933 5 20 27,954 28,433 19,677 17,721