GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 96 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 5. REVENUE (cont’d) Disaggregation of revenue from contracts with customers (cont’d) Group Malaysia Philippines Thailand Others Total 31 December 2018 RM RM RM RM RM Major product and service line Sales of value-added solutions 75,264,295 10,926,190 10,241,738 1,156,212 97,588,435 Sales of goods 18,956,794 2,534,756 18,088,269 - 39,579,819 Sales of prepaid air-time top-ups 98,371,188 - - - 98,371,188 Revenue from external customers 192,592,277 13,460,946 28,330,007 1,156,212 235,539,442 Timing of revenue recognition Transferred over time 11,573,222 1,102,705 144,695 - 12,820,622 Transferred at a point in time 181,019,055 12,358,241 28,185,312 1,156,212 222,718,820 Revenue from external customers 192,592,277 13,460,946 28,330,007 1,156,212 235,539,442 Company 2019 2018 RM RM Major product and service line Sales of value-added solutions 4,067,498 4,798,349 Sales of goods 1,577,087 1,710,464 Revenue from external customers 5,644,585 6,508,813 Timing of revenue recognition Transferred over time 1,290,110 1,337,448 Transferred at a point in time 4,354,475 5,171,365 Revenue from external customers 5,644,585 6,508,813 Revenue is measured at the fair value of the consideration received or receivable, net of discounts and rebates. Revenue is recognised to the extent that it is probable that the economic benefits associated with the transaction would flow to the Group, and the amount of revenue and the cost incurred or to be incurred in respect of the transaction can be reliably measured and specific recognition criteria have been met for each of the activities of the Group as follows: