4. REVENUE AND OTHER INCOME Group 2025 2024 $ $ Sale of goods 121,364,966 125,211,604 Rendering of services 3,047,493 3,629,962 Total revenue 124,412,459 128,841,566 Other income – Trade receivables recovered 168,736 144,068 – Changes in fair value of financial assets at FVTPL – forward foreign exchange contract (Note 28) 497 44,957 – Gains on disposals of property, plant and equipment 36,333 624,178 – Government grant 108,755 42,640 – Interest income – banks 177,551 123,374 – Insurance claims 22,058 9,673,038 – Rental income 15,355 14,692 Other income 529,285 10,666,947 Total revenue and other income 124,941,744 139,508,513 The revenue from sale of goods and rendering of services is recognised based on point in time and all contracts with customers are less than 12 months. The insurance claims pertain to the claims received from the Group’s insurer during the reporting year and previous reporting year for compensation of the losses suffered by the Group in the fire incident that broke out in its Singapore warehouse building on 5 July 2023. The Group’s insurance claim process is ongoing as at the end of the reporting year. Any further insurance claims are subject to the approval from the insurer. MEGACHEM LIMITED ANNUAL REPORT 2025 134 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025
RkJQdWJsaXNoZXIy NTM2MDQ5