20. CONTRACT ASSETS AND CONTRACT LIABILITIES (CONTINUED) c) Remaining performance obligations The aggregate amount of transaction price allocated to the unsatisfied (or partially satisfied) performance obligations as at 30 September 2024 is $380,561,000 (2023: $404,985,000). This amount has not included the following: • Performance obligation for which the Group has applied the practical expedient not to disclose information about its remaining performance obligations if: – The performance obligation is part of a contract that has an original expected duration for one year or less, or – The Group recognises revenue to which the Group has a right to invoice customers in amounts that correspond directly with the value to the customer of the Group’s performance completed to date. • Variable consideration that is constrained and therefore is not included in the transaction price. The amount of Group’s revenue that will be recognised in future periods on these contracts when those remaining performance obligations will be satisfied is analysed as follows: 2025 2026 2027 Total $’000 $’000 $’000 $’000 As at 30 September 2024 Construction contracts 229,163 95,436 55,962 380,561 2024 2025 2026 Total $’000 $’000 $’000 $’000 (Restated) (Restated) (Restated) (Restated) As at 30 September 2023 Construction contracts 291,359 88,808 24,818 404,985 2023 2024 2025 Total $’000 $’000 $’000 $’000 (Restated) (Restated) (Restated) (Restated) As at 30 September 2022 Construction contracts 347,159 114,115 33,737 495,011 111 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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