NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 28. CONTRACT LIABILITIES (Cont’d) (c) Contract value yet to be recognised as revenue Revenue expected to be recognised in the future relating to performance obligations that are unsatisfied at the end of the reporting period, are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Within one (1) year 5,196,945 5,135,829 315,527 513,719 More than one (1) year 700,393 14,047 - - 5,897,338 5,149,876 315,527 513,719 29. CONTINGENT LIABILITIES Group Company 2023 2022 2023 2022 RM RM RM RM Unsecured Bank guarantees given to a third parties in respect of trade and contract 5,625,491 8,759,603 1,300,000 2,000,000 Secured Bank guarantees given to a third parties in respect of trade and contract 12,535,500 8,023,500 - - 18,160,991 16,783,103 1,300,000 2,000,000 Bank guarantees given to a third parties in respect of trade and contract amounting to RM12,535,500 (2022: RM8,023,500) are secured by first party charge over deposits with licensed banks as disclosed in Note 22. 30. CAPITAL COMMITMENTS Group 2023 2022 RM RM Capital expenditure in respect of purchase of property, plant and equipment: Contracted but not provided 13,393,256 12,088,230 155 ANNUAL REPORT 2023
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