Sustainability and Governance Report
Notes to the FINANCIAL STATEMENTS
[Note
4. Revenue
(a) Disaggregation of revenue
Segments
Primary geographical markets
Taiwan
Malaysia
Major product line
Sales of bags, sporting goods, apparel and accessories
Timing of transfer of goods or services
At a point in time
(b) Judgement and methods used in estimating revenue
Estimating variable consideration for sale of goods
Group
2020
2019
$'000
$'000
25,530
23,511
411
25,530
23,952
25,530
23,952
25,530
23,952
In estimating the variable consideration for the sale of goods, the Group uses the most likely method to predict the volume rebates, by the different product types. For existing
products, management relies on historical experience with purchasing patterns and product returns of customers, analysed by different product types and customers, for
the past 2 to 4 years.
Management has exercised judgement in applying the constraint on the estimated variable consideration that can be included in the transaction price. For volume
rebates, management has determined that a portion of the estimated variable consideration is subject to the constraint as, based on past experience with the customers,
it is highly probable that a significant reversal in the cumulative amount of revenue recognised will occur, and therefore will not be recognised as revenue.
5.
Other income
Rental income
Foreign exchange gain
Gain on disposal of asset classified as held for sale
Interest income from associated company
Gain on disposal of disposal group classified as held for sale
Subsidies from principals
Miscellaneous income
69
Group
2020
2019
$'000
$'000
21
16
1,862
66
125
202
403
106
114
2,186
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