Fraser & Neave Holdings Bhd Annual Report 2021

21. REVENUE #CONTINUED$ #A$ DISAGGREGATION OF REVENUE F&B Malaysia F&B Thailand Property Others Total Group 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Primary geographical markets South East Asia 1,860,695 1,842,466 1,964,813 1,915,024 120 120 5,337 2,997 3,830,965 3,760,607 Middle East and Africa 137,085 82,830 3,463 – – – – – 140,548 82,830 Greater China 104,693 89,499 21,500 21,977 – – – – 126,193 111,476 Other countries 27,982 25,954 4,580 6,755 – – – – 32,562 32,709 2,130,455 2,040,749 1,994,356 1,943,756 120 120 5,337 2,997 4,130,268 3,987,622 Timing and recognition At a point in time 2,130,455 2,040,749 1,994,356 1,943,756 120 120 5,337 2,997 4,130,268 3,987,622 Revenue from contracts with customers 2,130,455 2,040,749 1,994,356 1,943,756 120 120 5,337 2,997 4,130,268 3,987,622 Other revenue – – – – 473 756 131 129 604 885 Total revenue 2,130,455 2,040,749 1,994,356 1,943,756 593 876 5,468 3,126 4,130,872 3,988,507 #B$ NATURE OF GOODS AND SERVICES The following information reflects the typical transactions of the Group and the Company: Nature of goods or services Timing of recognition or method used to recognise revenue Significant payment terms Variable element in consideration Food and beverages Revenue is recognised when the goods are delivered and accepted by the customers at their premises. Credit period ranging from 30 to 60 days from invoice date. Trade incentives, discounts, returns and other rebates are awarded to customers as contracted and where relevant, subject to certain terms and conditions. Dividend income Dividend income is recognised in profit or loss on the date that the Company’s right to receive payment is established, which in the case of quoted securities is the ex-dividend date. Not applicable. Not applicable. #C$ 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. 220 NOTES TO THE F INANCIAL STATEMENTS