Page 162 - S P Setia Annual Report 2016

 

 

 

 

 

Page 162 - S P Setia Annual Report 2016
P. 162

160   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          16.   GROSS AMOUNT DUE FROM/TO CUSTOMERS

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Aggregate contract expenditure incurred to-date                                  318,917       325,287
               Attributable profit recognised to-date                                            19,991        53,282
                                                                                               338,908        378,569
               Progress billings                                                               (340,790)     (364,505)
                                                                                                 (1,882)       14,064

               Gross amount due from customers                                                    3,825        14,189
               Gross amount due to customers                                                     (5,707)         (125)
                                                                                                 (1,882)       14,064

               Progress billings comprise:
                 Progress billings
                 -  received                                                                   220,698        323,939
                 -  receivable                                                                  115,435        37,462
                 Retention sums                                                                   4,657         3,104
                                                                                               340,790        364,505

              Contract expenditure includes the following expenses incurred during the financial year/period:

                                                                                                     Group
                                                                                               1.1.2016      1.11.2014
                                                                                                    to            to
                                                                                             31.12.2016     31.12.2015
                                                                                                RM’000        RM’000

               Depreciation                                                                       3,112         1,936
               Hire of machinery                                                                 13,086        13,523
               Rental expense                                                                       15            25
   157   158   159   160   161   162   163   164   165   166   167