2020 UEM Edgenta Annual Report

21. CONTRACT RELATED ASSETS AND LIABILITIES (CONTD.) a. Contract assets and liabilities (contd.) Set out below is the amount of revenue recognised from: Group RM’000 2020 2019 Amounts included in contract liabilities at the beginning of the year 4,383 2,713 b. Contract fulfillment asset Group RM’000 2020 2019 As at 1 January 2,970 – Additions 7,438 3,494 Utilised during the year (1,006) (524) As at 31 December 9,402 2,970 22. SHORT TERM INVESTMENTS Group RM’000 2020 2019 Fair value through profit or loss investments: - unquoted unit trusts 11,721 62,385 - investment in Islamic funds 78 78 11,799 62,463 U nquoted unit trusts represent investment funds invested with licensed fund managers in the funds approved by the Securities Commission. The portfolio of investments authorised by the Board of Directors comprises only deposits in both Islamic and conventional instruments with financial institutions. ANNUAL REPORT 2020 259 1 2 3 4 5 6 7 8