NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 5. REVENUE Group Company 2023 2022 2023 2022 RM RM RM RM Revenue from contracts with customers: - Sales of services 238,805,658 193,690,982 2,186,345 3,027,994 - Sales of goods 42,002,721 44,515,980 1,805,000 - - Sales of prepaid airtime top-ups 95,235,450 97,729,039 - - - Management fees - - 19,238,898 13,276,661 376,043,829 335,936,001 23,230,243 16,304,655 Income from leasing: - Rental of EDC equipment 78,607,234 73,696,032 3,480 13,320 Other revenue: - Loans, advances and financing to customers 5,714,929 791,123 - - 460,365,992 410,423,156 23,233,723 16,317,975 Disaggregation of revenue from contracts with customers Revenue from contracts with customers of the Group is disaggregated in the table below by primary geographical markets, major products and service lines and timing of revenue recognition. No disaggregation of the revenue from contracts with customers by geographical basis has been presented for the Company as the Company’s activities are carried out predominantly in Malaysia. Group Malaysia Philippines Thailand Others Total 31 December 2023 RM RM RM RM RM Major product and service line Sales of services 169,413,132 44,705,706 23,085,916 1,600,904 238,805,658 Sales of goods 38,430,083 1,950,563 1,622,075 - 42,002,721 Sales of prepaid airtime top-ups 95,235,450 - - - 95,235,450 Total revenue from external customers 303,078,665 46,656,269 24,707,991 1,600,904 376,043,829 Timing of revenue recognition Transferred over time 29,323,661 1,521,173 4,173,717 1,348,642 36,367,193 Transferred at a point in time 273,755,004 45,135,096 20,534,274 252,262 339,676,636 Revenue from external customers 303,078,665 46,656,269 24,707,991 1,600,904 376,043,829 94 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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