DESTINI Annual Report 2020

12. Other Investment Group 2020 2019 RM RM At cost Spare parts and consumables 3,388,430 3,688,941 Raw materials 5,837,187 7,319,980 Work-in-progress 1,423,080 1,668,776 Finished goods 1,915,147 816,702 12,563,844 13,494,399 Recognised in profit or loss: Inventories recognised as cost of sales 7,634,606 33,407,046 Inventories written off - 13,194 The inventories are written off when it has lost its value and cannot be sold due to damage, theft, loss, or decline in market value. Group 2020 2019 RM RM Current Contract assets Construction contract 174,252,861 17,513,244 Contract liabilities Construction contract 58,219,199 6,245,280 The significant changes in the contract assets and contract liabilities during the financial year relating to change in measure of construction progress. 13. Inventories 14. Contract Assets/(Liabilities) Group Company 2020 2019 2020 2019 RM RM RM RM Golf club membership 320,000 320,000 150,000 150,000 This represents investment stated at cost in a local golf club and resort, which entitles the Group’s and the Company’s management and staff to utilise the facilities. ANNUAL REPORT 2020 DESTINI BERHAD Notes to Financial Statements 149