155 ENRA GROUP BERHAD ANNUAL REPORT 2025 Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 59 199201005296 (236800 - T) 8. INVENTORIES Group Company 2025 2024 2025 2024 Note RM’000 RM’000 RM’000 RM’000 At cost Completed properties 3,304 3,304 3,304 3,304 Properties development cost (a) 15,355 30,625 - - At net realisable value Completed properties 678 690 678 690 Properties held for sale 21,536 22,874 - - 40,873 57,493 3,982 3,994 (a) Property development costs Group Balance as at 1.4.2024 Cost incurred during the year Recognised during the year Transfer to assets held for sale (Note 6) Balance as at 31.3.2025 RM’000 RM’000 RM’000 RM’000 RM’000 Land held for development 21,995 - - (13,386) 8,609 Development costs 8,630 4,647 (6,531) - 6,746 30,625 4,647 (6,531) (13,386) 15,355 Group Cost Balance incurred Recognised Balance as at during the during as at 1.4.2023 year the year 31.3.2024 RM’000 RM’000 RM’000 RM’000 Land held for development 21,995 - - 21,995 Development costs 11,904 669 (3,943) 8,630 33,899 669 (3,943) 30,625 (b) 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. Cost of completed properties held for sale consists of cost associated with the acquisition of land, direct costs and appropriate proportions of common costs attributable for developing properties until completion.
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