PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 146 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 17. INVENTORIES Group 2019 2018 Note RM’000 RM’000 At cost Raw materials 8,548 10,397 Work-in-progress 3,069 4,472 Manufactured inventories 7,267 5,112 Trading merchandise 251 - Other consumables 1,408 1,730 20,543 21,711 Property development costs 18 29,929 183,636 Land held for development 8,660 - At net realisable value Raw materials - 73 Work-in-progress - 64 Manufactured inventories - 272 Trading merchandise 650 - 650 409 Agricultural produce 6 - 59,788 205,756 (a) During the financial year, inventories of the Group recognised as cost of sales amounted to RM74,652,000 (2018: RM39,682,000). Inventories written down and written off during the financial year amounted to RM1,612,000 and RM72,000 (2018: RM429,000 and nil) respectively and are included in cost of sales. (b) The Group reversed RM110,000 (2018: RM317,000) 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.