Serba Dinamik Annual Report 2019

287 21. REVENUE AND COST OF CONTRACT WITH CUSTOMERS (CONTINUED) 21.4 Significant judgements and assumptions arising from revenue recognition The Group applied the following judgements and assumptions that significantly affect the determination of the amount and timing of revenue recognised. For construction contracts, the Group measured the performance of construction work done by comparing the actual costs incurred with the estimated total costs required to complete the construction. Significant judgements are required to estimate the total contract costs to complete. In making these estimates, management relied on professionals’ estimates and also on past experience of completed projects. A change in the estimates will directly affect the revenue to be recognised. 22. RESULTS FROM OPERATING ACTIVITIES Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Results from operating activities are arrived at after charging: Auditors’ remuneration Audit fees KPMG PLT Malaysia 489 371 80 75 Other auditors 73 76 - - Non-audit fees KPMG PLT Malaysia 560 682 560 682 Affiliate of KPMG Malaysia 92 91 - 4 Other auditors 7 26 - - ======= ======== ======== ======== Material expenses/(income) Depreciation of property, plant and equipment (Note 3) 137,658 89,781 - - Depreciation of right-of-use assets (Note 4) 5,605 - - - Foreign exchange loss/ (gain) realised 2,636 3,507 - - unrealised ( 606) 425 - - Personnel expenses (including key management personnel): wages, salaries and others 113,040 87,250 6,173 5,440 contributions to state plans 1,895 1,114 118 110 Loss on disposal of trade receivables 8,040 2,781 - - N O T E S T O T H E F I N A N C I A L S TAT E M E N T S