- Deferred income (150.5) (146.1) 0 0 As at the end of the financial year 5,788.3 5,103.1 4,896.2 4,276.8 (i) Significant changes in trade contract assets and liabilities Trade contract assets have increased as the Group and the Company have provided more services ahead of the agreed payment schedules for fixed-price contracts. The Group and the Company also recognised a loss allowance for trade contract assets. Trade contract liabilities have increased for the Group and the Company due to larger prepayments or contributions received from customers. (ii) Revenue recognised in relation to trade contract liabilities The following table shows how much of the revenue recognised in the current financial year relates to carried-forward trade contract liabilities and how much relates to performance obligations that were satisfied in a priorfinancial year: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Revenue recognised, included in the trade contract liabilities balances in relation to preceding year (234.6) (219.1) (218.4) (218.3) Revenue recognised, included in the trade contract liabilities balances in relation to current year (202.0) (203.3) (15.0) (11.0) (436.6) (422.4) (233.4) (229.3) NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 250 17 CONTRACT BALANCES (CONTINUED) (iii) Unsatisfied performance obligations in long term contracts The following table shows unsatisfied performance obligations resulting from long term contracts: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Aggregate amount of the transaction price allocated to contracts that are partially or fully unsatisfied 5,788.3 5,103.1 4,896.2 4,276.8 Management expects 5.0% (2022: 5.5%) of the transaction price allocated to the unsatisfied contracts will be recognised as revenue during the next financial year. The remaining 95.0% (2022: 94.5%) will be recognised from financial years 2025 to 2043. In respect of the supply of electricity,