ENRA Group Berhad Annual Report 2019

119 ENRA GROUP BERHAD ∞ Annual Report 2019 page Notes to the Financial Statement 31 March 2019 28. REVENUE (cont’d) Group 31 March 2018 Investment properties and others RM’000 Property development RM’000 Energy services RM’000 Engineering, construction and fabrication RM’000 Total RM’000 Major product and service line Sale of goods - - 43,210 - 43,210 Revenue from property development - 16,835 - - 16,835 Contract revenue - - - 11,732 11,732 Services rendered: - logistic - - 2,358 - 2,358 - energy - - 1,151 - 1,151 Revenue from external customers - 16,835 46,719 11,732 75,286 Timing of revenue recognition Transferred over time - - - 11,732 11,732 Transferred at a point in time - 16,835 46,719 - 63,554 Revenue from external customers - 16,835 46,719 11,732 75,286 (a) Sale of goods Revenue from sale of goods is recognised at a point in time when the products have been transferred to the customer and coincides with the delivery of products and acceptance by customers. Some contracts for the sale of goods provide customers with a right of return the goods within a specified period. Under MFRS 15, the consideration received from the customer is variable because the contract allows the customer to return the products. The Group uses the expected value method to estimate goods that will not be returned. There is no significant financing component in the revenue arising from sale of goods as the sales are made on the normal credit terms not exceeding twelve months. (b) Logistic and energy services income Logistic and energy services income is recognised at a point in time and over time depend on the nature of the services. The income is recognised at a point in time when the products have been transferred or the services have been rendered to the customer and coincide with the delivery of products and services and acceptance by customers. The income is recognised over time as income when the customers receives and consumes the benefits.