NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 11. INVENTORIES (CONT’D) (c) Completed properties held for sale THE GROUP 2024 2023 RM’000 RM’000 At beginning of the year 47,073 75,088 Addition during the year 998 – Unsold units transferred from properties under development for sale (Note 11(b)) 32,644 20,369 Disposals during the year (23,662) (48,384) Cumulative cost / Carrying amount 57,053 47,073 (d) Operating supplies and materials As at the end of the reporting year, all operating supplies and materials for the Group are stated at cost. 12. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Non-current Other receivables (Note 12(a)) 10,029 27,959 – – Prepayment (Note 12(b)) 19,374 20,483 – – 29,403 48,442 – – Less: Allowance for impairment losses (Note 12 (c)) – (12,111) – – 29,403 36,331 – – Current Other receivables:- Third parties 34,022 13,360 2 1 Goods and services tax recoverable 670 4,492 – – 34,692 17,852 2 1 Deposits 13,503 9,201 2 2 Deposits paid for land acquisition 49,089 61,475 – – Deposits paid for land development right 32,676 31,655 – – Prepayment 1,854 1,937 93 54 Costs to secure contracts (Note 12(d)) 36,424 45,812 – – 168,238 167,932 97 57 Less: Allowance for impairment losses (Note 12(c)) (3,271) (7,000) – – 164,967 160,932 97 57 (a) The non-current other receivable balance is unsecured and bears interest of 5% per annum. (b) The non-current prepayment is in respect of upfront exclusive rights payments for managing a hospital operation for a period of 30 years. FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 176
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