99 www.excelforce.com.my Notes to the Financial Statements (cont’d) 25. Revenue (cont’d) Breakdown of the Group’s revenue from contracts with customers: Application solutions division Maintenance services division Application services provider division Total RM RM RM RM 30.6.2024 Major goods and services: Sales of hardware 256,685 - - 256,685 Rendering of services 5,600,387 - 20,133,066 25,733,453 Maintenance services - 3,030,297 - 3,030,297 Total revenue from contracts with customers 5,857,072 3,030,297 20,133,066 29,020,435 Geographical market Malaysia 3,191,467 2,560,524 20,133,066 25,885,057 Singapore 2,665,605 469,773 - 3,135,378 Total revenue from contracts with customers 5,857,072 3,030,297 20,133,066 29,020,435 30.6.2023 Major goods and services: Sales of hardware 986,300 - - 986,300 Rendering of services 9,377,999 - 29,175,882 38,553,881 Maintenance services - 3,839,869 - 3,839,869 Total revenue from contracts with customers 10,364,299 3,839,869 29,175,882 43,380,050 Geographical market Malaysia 8,987,056 3,307,811 29,175,882 41,470,749 Singapore 1,377,243 532,058 - 1,909,301 Total revenue from contracts with customers 10,364,299 3,839,869 29,175,882 43,380,050 The Group and the Company recognises revenue from the following major sources: (a) Sales of hardware and application solutions The Group and the Company sells hardware and application solutions. Revenue from sales of hardware and application solutions are recognised when control of the products has been transferred, being at the point the customer purchases the goods from the Group and the Company. Revenue is recognised based on the price specified in the contract, net of the rebates, discounts and taxes payment of the transaction price is due at the point the customer purchase the goods. (b) Rendering of maintenance services and application service provider The Group and the Company offers its customers for maintenance services and application service provider. Revenue is allocated to the service obligations and recognised over the period of performance of services to customers. When consideration is collected from customers in advance of services being performed, a contract liability is recognised. The contract liability would be recognised as revenue when the related services is rendered.
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