293 SECTION 6 FINANCIAL STATEMENTS INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 26 GROSS REVENUE (CONTINUED) (a) Revenue from contracts with customer (continued) (ii) Sales of goods The Group manufactures and sells a range of pipes for industrial use. The Group is also involved in the business of selling building materials, construction equipment, and power generators. Revenue from sales of goods are recognised at a point in time when control of the good is transferred to the customer upon delivery. (b) Revenue from other sources (i) Rental income Rental income is recognised on a straight line basis over the lease term. (ii) Dividend income Dividend income is recognised when the right to receive payment is established. (iii) Interest income Interest income is recognised on a time proportion basis, taking into account the principal outstanding and the effective interest rate applicable. 27 COST OF SALES Group 2025 RM’000 2024 RM’000 Contract costs 2,012,541 2,094,426 Cost of goods sold 170,374 537,880 2,182,915 2,632,306 Cost of sales mainly consist of raw materials consumed, subcontracting cost, cost of trading goods and services, freight and transportation charges, consumables and staff costs. Refer to Note 29 for further details. 28 OTHER GAINS/(LOSSES) - NET Group 2025 RM’000 2024 RM’000 Fair value gains/(losses) arising from fair value changes of: - Derivative financial instruments - forward currency contracts 9,912 (9,976)
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