Page 178 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

6 REVENUE – CONTINUING OPERATIONS

The Group and Company derive the following types of revenue:
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

Revenue from contract with customers 2,184,463 2,006,911 14,102 14,102
Revenue from other sources - - 112,983 131,290

2,184,463 2,006,911 127,085 145,392
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Disaggregation of revenue from contracts with customers:
Group Company
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Revenue from contract with customers
Management fee income - - 14,102 14,102
Sales of goods (refined sugar and molasses) 2,184,051 2,006,149 - -
Rendering of services (transportation services) 412 762 - -

2,184,463 2,006,911 14,102 14,102
Revenue from other sources

Interest income - - 38,108 60,366
Dividend income - - 75,000 43,718
Others* - - (125) 27,206
- - 112,983 131,290

2,184,463 2,006,911 127,085 145,392
Timing of revenue recognition
- at a point in time 2,184,051 2,006,149 - -
- over time 412 762 14,102 14,102

2,184,463 2,006,911 14,102 14,102

* In the previous financial year, Others comprise of loan modification costs recharged to a subsidiary.