ENRA Group Berhad Annual Report 2019

102 ENRA GROUP BERHAD ∞ Annual Report 2019 page Notes to the Financial Statement 31 March 2019 12. INVENTORIES Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 At cost Property held for sale 21,176 51,976 - - Completed properties 7,616 10,566 7,616 - Inventories in transit 2,975 1,586 - - Consumables 8 20 - - Work in progress 80 - - - Finished goods 4,092 9,446 - - At net realisable value Completed properties 47,323 - - - 83,270 73,594 7,616 - (a) Inventories are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out formula. The cost comprises all cost of purchases plus the cost of bringing the inventories to their present location and condition. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. (b) Inventories of the Group amounting to RM80,997,000 (2018: RM39,889,000) have been expensed to the statements of profit or loss and other comprehensive income during the financial year. (c) Included in property held for sale are borrowing costs capitalised during the financial year of RM194,000 (2018: RM612,000) at 10.20% (2018: 4.75%) per annum. (d) During the year, the Group has written down the completed properties of RM9,276,000 (2018: Nil). (e) In the previous financial year, the property held for sale of the Group was charged to a financial institution for banking facility granted to the Group as set out in Note 26(c) to the financial statements. 13. TRADE AND OTHER RECEIVABLES Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Trade receivables Trade receivables 33,976 19,974 - 2,691 Retention sum 352 352 - - Stakeholder sum - 8,154 - - Less: Impairment losses (17,202) (628) - (34) 17,126 27,852 - 2,657