Fraser & Neave Holdings Bhd Annual Report 2020

200 FRASER & NEAVE HOLDINGS BHD 196101000155 (4205-V) Notes to The Financial Statements (Cont’d.) 21. REVENUE (CONTINUED) (C) TRANSACTION PRICE ALLOCATED TO THE REMAINING PERFORMANCE OBLIGATIONS The Group applies the practical expedient on exemption on disclosure of information on remaining performance obligations that have original expected durations of one year or less. (D) SIGNIFICANT JUDGEMENTS AND ASSUMPTIONS ARISING FROM REVENUE RECOGNITION The Group estimates the variable consideration for expected future incentives based on maximum achievement criteria of set targets. 22. FINANCE INCOME Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Interest income of financial assets calculated using the effective interest method that are: – at amortised cost 5,068 15,196 20,315 28,998 – other finance income – 27 – – 5,068 15,223 20,315 28,998 Recognised in profit or loss 5,068 15,223 20,315 28,998 23. FINANCE COSTS Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Interest expense of financial liabilities that are not at fair value through profit or loss: – bank borrowings 2,868 4,271 – – Interest expense on lease liabilities 1,197 – – – Other finance costs 793 284 – – 4,858 4,555 – – Recognised in profit or loss 4,858 4,555 – –