| Contract assets/contract liabilities |
Note 4 — Contract assets/contract liabilities The following table reflects the movements of the net balance of contract assets and contract liabilities. Movement in contract assets, consists of the following: | | | December 31,
2025 (Audited) | | | June 30,
2026 (Unaudited) | | | June 30,
2026 (Unaudited) | | | | | MYR | | | MYR | | | USD | | | Beginning of the financial year/period | | | 46,140 | | | | — | | | | — | | | Increase resulting from satisfaction of performance obligation | | | — | | | | — | | | | — | | | | | | 46,140 | | | | — | | | | — | | | Less: progress billings/period | | | (46,140 | ) | | | — | | | | — | | | End of the financial year/period | | | — | | | | — | | | | — | | Movement in contract liabilities, consists of the following: | | | December 31,
2025 (Audited) | | | June 30,
2026 (Unaudited) | | | June 30,
2026 (Unaudited) | | | | | MYR (Audited) | | | MYR | | | USD | | | Beginning of the financial year/period | | | 3,700,000 | | | | 9,848,141 | | | | 2,412,577 | | | Receipt from clients | | | 9,848,141 | | | | 49,745,891 | | | | 12,186,646 | | | Revenue recognized during the year/period | | | (3,700,000 | ) | | | (9,848,141 | ) | | | (2,412,577 | ) | | End of the financial year/period | | | 9,848,141 | | | | 49,745,891 | | | | 12,186,646 | | Changes in contract assets and contract liabilities mainly due to changes in measurement of contracts’ progress.
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