230 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 6. Revenue (continued) (b) Assets and liabilities related to contracts with customers (continued) (ii) Unsatisfied long-term EPCIC contracts The following table shows unsatisfied performance obligations resulting from long-term EPCIC contracts: Group 2023 RM million 2022 RM million Aggregate amount of the transaction price allocated to long-term EPCIC contracts that are partially or fully unsatisfied as at 31 January 5,127 856 Management expects that 91% of the transaction price allocated to the unsatisfied performance obligations amounting to RM4,661 million as of 31 January 2023 may be recognised as revenue during the next reporting period as the Group continues to perform to complete the EPCIC of the FPSO vessel. The remaining 9% amounting to RM466 million may be recognised in the financial year ending 31 January 2025. The Group will recognise the unsatisfied performance obligation over this period in line with the work performed. 7. Cost of sales Group 2023 RM million 2022 RM million Included in cost of sales are: Amortisation of intangible assets (Note 18) 52 49 Depreciation of property, plant and equipment 246 224 Employee benefits expenses (Note 10) 90 57 EPCIC construction costs 3,664 1,726 Vessel operating expenses 301 153
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