34. CONTRACT LIABILITIES Group 2022 2021 RM’000 RM’000 Non-current Deferred license fees (Note 34(a)) 129,739 133,206 Current Deferred license fees (Note 34(a)) 5,603 4,697 Deferred income (Note 34(b)) 17,226 14,151 Contract liabilities from property development (Note 34(c)) 94,225 28,368 117,054 47,216 Total contract liabilities 246,793 180,422 (a) Deferred license fees Group 2022 2021 RM’000 RM’000 Cost At 1 January 223,915 220,953 Additions 3,042 2,962 At 31 December 226,957 223,915 Accumulated amortisation At 1 January 86,012 81,315 Amortisation during the financial year (Note 9) 5,603 4,697 At 31 December 91,615 86,012 Carrying amount 135,342 137,903 Represented by: Current 5,603 4,697 Non-current 129,739 133,206 135,342 137,903 The deferred license fees refer to accrual and amortisation of license fees over 40 years which will expire on 9 October 2051. (b) Deferred income T he deferred income of the Group is mainly in respect of advance tuition fees received by the private school operator. It will be recognised as revenue upon services performed. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 262 ANNUAL REPORT 2022
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