Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 27 PROVISION FOR WARRANTIES Group 2023 2022 RM’000 RM’000 At 1 January 22,687 12,438 Additions 17,373 14,799 Utilisation (1,043) (676) Reversal (4,213) (4,339) Transfer to liabilities of disposal group (72) - Effect of exchange rate changes 778 465 At 31 December 35,510 22,687 The Group recognises the estimated liability to repair or replace products when the underlying products or services are sold. It is expected that most of these costs will be incurred over the warranty period which extends up to 4 years (2022: 4 years). 28 GROSS REVENUE Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 (Represented) Revenue from contracts with customers Contract revenue 2,204,292 2,029,384 - - Sale of goods 380,090 332,168 - - Management fees - 8 3,973 6,819 2,584,382 2,361,560 3,973 6,819 Revenue from other sources Rental income 21,306 4,521 - - Dividend income - - 21,302 22,440 Interest income - - 1,323 949 21,306 4,521 22,625 23,389 2,605,688 2,366,081 26,598 30,208 Integrated Annual Report 2023 254
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