PRG Holdings Berhad Annual Report 2018

15. INVENTORIES Group 2018 2017 Note RM’000 RM’000 At cost Raw materials 10,397 11,051 Work-in-progress 4,472 3,150 Manufactured inventories 5,112 5,485 Other consumables 1,730 1,482 21,711 21,168 Property development costs 16 183,636 189,527 At net realisable value Raw materials 73 81 Work-in-progress 64 58 Manufactured inventories 272 174 409 313 205,756 211,008 (a) During the financial year, inventories of the Group recognised as cost of sales amounted to RM39,682,000 (2017: RM41,021,000). Inventories written down during the financial year amounted to RM429,000 (2017: RM191,000) and are included in cost of sales. (b) The Group reversed RM317,000 (2017: RM111,000) in respect of inventories written down in previous financial years, which were subsequently not required as the Group was able to sell those inventories above their carrying amounts. 16. PROPERTY DEVELOPMENT COSTS Group 2018 2017 RM’000 RM’000 Property development costs at beginning of financial year: - leasehold land 144,958 123,389 - development costs 112,113 52,829 - accumulated cost recognised in profit or loss (67,544) (17,212) 189,527 159,006 Costs incurred during the financial year: - leasehold land - 21,569 - development costs 28,902 59,284 28,902 80,853 Costs recognised in profit or loss during the financial year: - leasehold land (8,119) (14,149) - development costs (26,674) (36,183) (34,793) (50,332) 133 PRG HOLD I NGS BERHAD notes to the financial statements 31 December 2018 (continued)