2020 UEM Edgenta Annual Report

2. SIGNIFICANT ACCOUNTING POLICIES (CONTD.) 2.5 Significant accounting judgements and estimates (contd.) b. Key sources of estimation uncertainty (contd.) vi. Deferred tax assets D eferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and level of future taxable profits together with future tax planning strategies. The deferred tax assets amounting to RM9.0 million (2019: RM13.3 million) are mainly related to subsidiaries of which management is confident that it would be probable for the related subsidiaries to generate future taxable profits. I f the Group was able to recognise all unrecognised deferred tax assets, profit and equity would have increased by RM39.4 million (2019: RM27.8 million). Further details are disclosed in Note 29. 3. REVENUE Group Company RM’000 2020 2019 2020 2019 Revenue from contracts with customers (a) Asset consultancy 88,141 131,920 – – Healthcare support 1,233,408 1,132,215 – – Infrastructure services 549,055 915,609 – – Property and facility solutions 149,150 192,215 – – Others 8,962 39,236 – – Management fees – – 79,428 76,860 2,028,716 2,411,195 79,428 76,860 Revenue from other sources Dividend income from subsidiaries – – 8,267 223,800 Total revenue 2,028,716 2,411,195 87,695 300,660 a. Revenue from contracts with customers are recognised: - At a point in time 45,255 48,258 – – - Over time 1,983,461 2,362,937 79,428 76,860 2,028,716 2,411,195 79,428 76,860 The transaction price allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as at 31 December 2020 due within one year is RM1.6 billion (2019: RM1.5 billion) and due more than one year is RM6.9 billion (2019: RM7.5 billion). These relate to performance obligations from long term service contracts that is to be satisfied within 1 to 18 years. ANNUAL REPORT 2020 225 1 2 3 4 5 6 7 8