DESTINI Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS 12. Other Investment This represents investment stated at cost in a local golf club and resort, which entitles the Group’s and the Company’s management and staff to utilise the facilities. Group 2018 2017 RM RM At cost Spare parts and consumables 3,802,570 3,862,569 Raw materials 3,474,464 2,453,520 Work-in-progress 634,694 2,606,369 Finished goods 3,751,230 4,090,062 11,662,958 13,012,520 Recognised in profit or loss: Inventories recognised as cost of sales 18,201,751 12,316,672 Group 2018 2017 RM RM Current Contract assets Construction contract 49,775,224 10,683,825 Contract liabilities Construction contract 6,477,984 18,109,779 The significant changes in the contract assets and contract liabilities during the financial year relating to change in measure of construction progress. 13. Inventories 14. Contract Assets/(Liabilities) Group Company 2018 2017 2018 2017 RM RM RM RM Golf club membership 320,000 320,000 150,000 150,000 DESTINI BERHAD ANNUAL REPORT 2018 160