NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 5. REVENUE (Cont’d) Disaggregation of revenue from contracts with customers (Cont’d) Group Malaysia Philippines Thailand Others Total 31 December 2022 RM RM RM RM RM Major product and service line Sales of services 146,943,012 35,311,890 10,097,450 1,338,630 193,690,982 Sales of goods 34,240,891 1,161,119 9,113,970 - 44,515,980 Sales of prepaid airtime top-ups 97,729,039 - - - 97,729,039 Total revenue from external customers 278,912,942 36,473,009 19,211,420 1,338,630 335,936,001 Timing of revenue recognition Transferred over time 21,175,861 1,396,842 4,123,301 1,337,776 28,033,780 Transferred at a point in time 257,737,081 35,076,167 15,088,119 854 307,902,221 Revenue from external customers 278,912,942 36,473,009 19,211,420 1,338,630 335,936,001 Company 2023 2022 RM RM Major product and service line Sales of services 2,186,345 3,027,994 Sales of goods 1,805,000 - Management fees 19,238,898 13,276,661 Revenue from external customers 23,230,243 16,304,655 Timing of revenue recognition Transferred over time 1,293,840 1,352,634 Transferred at a point in time 21,936,403 14,952,021 Revenue from external customers 23,230,243 16,304,655 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: (a) Sales of services Revenue from sale of services rendered except for maintenance income is recognised at a point in time when the services has been rendered to the customer and coincides with the delivery of services and acceptance by customers. There is no significant financing component in the revenue arising from services rendered as the services are made on the normal credit terms not exceeding twelve (12) months. 95 ANNUAL REPORT 2023
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