MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 24 INVENTORIES Group 2019 2018 RM’000 RM’000 At cost: - Raw materials 34,337 404,815 - Work-in-progress 25,157 32,851 - Finished goods 89,837 61,375 - Consumable stores 36,484 37,311 - Molasses 1,575 457 - Raw sugar in transit 55,804 142,237 At net realisable value: - Raw materials 30,683 - - Work-in-progress 14,643 - - Finished goods 30,732 - 319,252 679,046 Write downs of inventories to net realisable value amounted to RM49,432,000 (2018: nil). These were recognised as an expense during the year and included in cost of sales in the statement of profit or loss (Note 11). 191 FINANCIAL STATEMENTS 08