200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 18. Inventories 2023 2022 RM RM Cost: Raw materials 20,208,738 26,544,307 Finished goods 27,872,652 28,244,552 Completed properties 1,703,780 1,703,780 49,785,170 56,492,639 Net realisable value: Finished goods 9,968,046 10,957,179 59,753,216 67,449,818 19. Trade and other receivables 2023 2022 2023 2022 RM RM RM RM Trade receivables Third parties (a) 386,770,887 405,357,538 - - Amount due from joint venture (a) 11,201,846 4,042,295 - - Amounts due from companies related to certain directors (a) 3,737,009 200,000 - - 401,709,742 409,599,833 - - Less: Allowance for impairment - Third parties (18,937,447) (20,568,093) - - Trade receivables, net 382,772,295 389,031,740 - - Other receivables Deposits 6,518,753 15,730,435 204,500 204,500 Sundry receivables 1,733,389 1,983,207 - - Amount due from subsidiaries (b) - - 93,875,322 63,406,475 Amount due from joint venture (c) 18,647,238 10,861,945 - - Contract cost assets (d) 247,429 661,964 - - 27,146,809 29,237,551 94,079,822 63,610,975 During the financial year, the amount of inventories recognised as an expense in cost of sales of the Group was RM210,599,508 (2022: RM311,226,446). Certain completed properties with an aggregate carrying amount of RM1,411,009 (2022: RM1,411,009) are charged for bank borrowings as referred to in Note 22. Group Company Group - 57 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 127 Annual Report 2023
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