notes to the financial statements 31 march 2025 (cont’d.) 16. Inventories (cont’d.) (i) I ncluded in the development costs are interests on borrowings capitalised during the financial year of RM12,285,000 (2024: RM6,844,000). (ii) C ertain development properঞes amounted to RM981,651,000 (2024: RM284,293,000) have been pledged to secure borrowings as disclosed in Notes 27 to the financial statements. (a) Properঞes held for future development GROUP 2025 RM’000 2024 RM’000 Land, at cost At beginning of the year 565,045 579,869 Costs incurred during the year 542,431 98,703 Costs transferred to properঞes under development for sale (Note 16(b)) (206,623) (113,527) At the end of the year 900,853 565,045 Development costs At beginning of the year 156,178 193,667 Costs incurred during the year 89,587 39,123 Costs transferred to properঞes under development for sale (Note 16(b)) (48,311) (69,531) Property development costs wrien off – (7,081) At the end of the year 197,454 156,178 Cumulative cost / Carrying amount 1,098,307 721,223 (b) Properঞes under development for sale GROUP 2025 RM’000 2024 RM’000 Land, at cost At beginning of the year 192,140 177,300 Costs incurred during the year 28,355 25,393 Costs transferred from properঞes held for future development (Note 16(a)) 206,623 113,527 Costs transferred to costs to fulfill contract with customers (Note 18(a)) (63,993) (110,699) Transfer to completed properঞes (Note 16(c)) (8,631) (13,381) At the end of the year 354,494 192,140 Development costs At beginning of the year 154,380 112,822 Costs incurred during the year 611,052 558,538 Costs transferred from properঞes held for future development (Note 16(a)) 48,311 69,531 Costs transferred to costs to fulfill contract with customers (Note 18(a)) (474,826) (567,248) Transfer to completed properঞes (Note 16(c)) (16,329) (19,263) At the end of the year 322,588 154,380 Total land and development costs 677,082 346,520 191 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy NDgzMzc=