'(" CONTRACT#LIABILITIES Group +"+$! +"++! RM’""" RM’""" Non-current ! Deferred!license!fees!(Note!+1(a)) !#+&%).)! !$"-&0+-! Current Deferred!license!fees!(Note!+1(a)) !)%.,#! !/&%#+! Deferred!income!(Note!+1(b)) !– !$0&""%! Contract!liabilities!from!property!development!(Note!+1(c)) !,,%$)+! !-1&""/! !#")%+$$! !$$0&#/1! Total!contract!liabilities !+$"%(#(! !"1%&0-+! (a) Deferred!license!fees Group +"+$! +"++! RM’""" RM’""" Cost At!#!January !++&%,'(! !""+&-$/! Additions !#%##"! !+"! At!$#!December !++.%"&(! !""%&-/0! Accumulated!amortisation At!#!January! !,#%&#'! !,%&#$"! Amortisation!during!the!financial!year!(Note!-) !'%"((! !/&%#+! At!$#!December !,&%&,+! !-$&%$/! Carrying!amount !#$#%$('! !$+/&+1"! Represented!by/ Current !)%.,#! !/&%#+! Non-current !#+&%).)! !$"-&0+-! !#$#%$('! !$+/&+1"! The!deferred!license!fees!refer!to!accrual!and!amortisation!of!license!fees!over!1#!years!which!will!expire!on!-!October!"#/$' (b) Deferred!income The!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!'$!DECEMBER!"%"' 278 ANNUAL REPORT 2023
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