Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 128 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 16. INVENTORIES The Group 2021 2020 RM RM Raw materials 6,431,765 5,343,741 Work-in-progress 6,720,618 5,849,953 Finished goods 6,455,781 8,782,498 19,608,164 19,976,192 Recognised in profit or loss:- Inventories recognised as cost of sales 25,560,965 21,232,787 Inventories written down/reversal of inventories previously written down 22,647 (49,095) The reversal of write-down was in respect of inventories sold above their carrying amounts during the previous financial year. 17. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES Trade receivables of the Group comprise amounts outstanding for the provision of services and sale of goods. The credit periods granted to the customers range from 30 to 180 days (2020: 30 to 180 days). The Group 2021 2020 RM RM Trade receivables 116,952,173 104,619,193 Allowance for impairment losses (1,352,272) (1,481,846) 115,599,901 103,137,347 Movement in allowance for impairment losses on trade receivables is as follows:- The Group 2021 2020 RM RM At 1 January 1,481,846 2,139,074 Allowance for impairment losses 64,043 202,171 Writeback of allowance for impairment losses (204,546) - Written off as bad debts (50,604) (903,473) Exchange difference 61,533 44,074 At 31 December 1,352,272 1,481,846
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