ANNUAL REPORT 2025 185 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 18. Land held for development and development properties (cont'd) (b) Development properties 2025 2024 RM RM At cost Freehold and leasehold land at cost 175,670,027 131,989,429 Development costs 153,764,810 39,319,092 At 1 January 329,434,837 171,308,521 Costs transferred from inventories - land held for property development (Note 18(a)) - freehold and leasehold land 41,867,178 - - development costs 8,954,925 - 50,822,103 - Costs incurred during the financial year - freehold and leasehold land 30,303,123 330,390 - development costs 106,428,262 83,827,822 136,731,385 84,158,212 Cost transferred to contract cost assets (Note 20) - freehold and leasehold land (75,538,975) (1,502,935) - development costs (107,312,866) (2,764,060) (182,851,841) (4,266,995) Acquisition of subsidiaries - freehold and leasehold land - 80,787,850 - development costs - 38,560,858 - 119,348,708 Disposal of a subsidiary - freehold and leasehold land - (35,934,707) - development costs - (5,178,902) - (41,113,609) Unsold completed properties transferred to inventories - freehold and leasehold land (6,192,097) - - development costs (18,607,126) - (24,799,223) - Freehold and leasehold land 166,109,256 175,670,027 Development costs 143,228,005 153,764,810 At 31 December 309,337,261 329,434,837 Group - 65 -
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