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6. Revenue From Contracts With Customers

ASC PTY LTD
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS —CONTINUED
For the year ended 30 June 2019

June 2019 $'000

June 2018 $'000

Revenue from rendering of services by contract type

Target cost estimate contract

305,671

325,865

Cost reimbursable contract

228,089

271,426

Fixed price contract

35,794

2,681

Survey and quote contract

27,407

22,183

Services contract

134,707

133,311

731,668

755,466

Interest income

Other parties

3,629

4,717

Other income

Related parties

7,713

4,869

743,010

765,052

June 2019 $'000

June 2018 $'000

Revenue from rendering of services by timing of revenue recognition

Over time

616,779

638,852

At a point in time

114,889

116,614

731,668

755,466

June 2019 $'000

June 2018 $'000

Revenue recognised in the reporting period

that was included in the contract liability

balance at the beginning of the period.

Target cost estimate contract

315

-

Cost reimbursable contract

879

-

1,194

-