0 0 4,446.8 3,825.9 4,226.9 3,430.0 Contract liabilities - Current trade 338.6 320.0 244.9 237.1 - Non-current trade 5,449.7 4,783.1 4,651.3 4,039.7 (b) 5,788.3 5,103.1 4,896.2 4,276.8 - Current non-trade 0 253.4 0 0 5,788.3 5,356.5 4,896.2 4,276.8 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 249 17 CONTRACT BALANCES (CONTINUED) The Group and the Company have recognised the following assets and liabilities related to contracts with customers: (continued) Group Company Note 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million (a) Trade contract assets (i) As at the beginning of the financial year 3,586.0 3,169.7 3,430.0 2,982.0 Performance obligations completed 4,647.0 3,853.7 4,265.1 3,464.4 Transfer to receivables (3,738.0) (3,400.4) (3,430.0) (2,982.0) Less: Loss allowances (48.2) (37.0) (38.2) (34.4) As at the end of the financialyear 4,446.8 3,586.0 4,226.9 3,430.0 (b) Trade contract liabilities (i)(ii)(iii) As at the beginning of the financial year 5,103.1 4,696.8 4,276.8 3,873.5 Received during the financial year 1,121.8 828.7 852.8 632.6 Release to statement of profit or loss: - Customers’ contribution (286.1) (276.3) (233.4) (229.3) - 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