200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 19. Inventories 2022 2021 RM RM Cost: Raw materials 26,544,307 25,340,655 Finished goods 28,244,552 27,587,747 Completed properties 1,703,780 25,463,565 56,492,639 78,391,967 Net realisable value: Finished goods 10,957,179 5,368,056 67,449,818 83,760,023 20. Trade and other receivables 2022 2021 2022 2021 RM RM RM RM Trade receivables Third parties (a) 405,357,538 448,935,298 - - Amount due from joint venture (a) 4,042,295 69,200,286 - - Amounts due from companies related to certain directors (a) 200,000 1,408,545 - - 409,599,833 519,544,129 - - Less: Allowance for impairment - Third parties (20,568,093) (18,952,098) - - Trade receivables, net 389,031,740 500,592,031 - - Other receivables Deposits 15,730,435 15,075,309 204,500 204,500 Sundry receivables 1,983,207 2,973,299 - - Amount due from subsidiaries (b) - - 63,406,475 78,888,084 Amount due from joint venture (c) 10,861,945 9,518,791 - - Contract cost assets (d) 661,964 - - - 29,237,551 27,567,399 63,610,975 79,092,584 Group During the financial year, the amount of inventories recognised as an expense in cost of sales of the Group was RM311,226,446 (2021: RM238,033,083). Certain completed properties with an aggregate carrying amount of RM1,411,009 (2021: RM19,896,333) are charged for bank borrowings as referred to in Note 23. Group Company - 76 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 141
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