4. REVENUE Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 Revenue from contracts with customers – Sale of plantation produce 4(a) 851,008 1,176,206 271,037 359,291 – Plantation agency services 4(a) 686 742 – – Revenue from other sources 4(b) – – 20,884 54,559 851,694 1,176,948 291,921 413,850 (a) Disaggregated revenue from contracts with customers Geographical markets Peninsular Malaysia 355,332 462,413 241,251 323,447 Sabah 447,316 592,831 29,786 35,844 Sarawak 49,046 121,704 – – 851,694 1,176,948 271,037 359,291 Timing of revenue recognition Goods transferred at a point in time 851,008 1,176,206 271,037 359,291 Services rendered over time 686 742 – – 851,694 1,176,948 271,037 359,291 (b) Revenue from other sources Gross dividends received/receivable from – Subsidiaries – – 13,740 54,415 – Associates – – 7,000 – Sundry income – – 144 144 – – 20,884 54,559 (c) Performance obligations Contracts with customers are mainly for sales of FFB, crude palm oil, palm kernel or for provision of plantation management services with no other performance obligation included therein. A performance obligation is satisfied upon delivery of the produce to the palm oil mill or refinery. Plantation management services are normally performed over the contracted period of service. 217 NOTES TO THE FINANCIAL STATEMENTS Integrated Report 2023
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