NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 21. RECEIVABLES, DEPOSITS AND PREPAYMENTS (CONT'D) (g) Included in other deposits of the Group are: (i) an amount of RM21,123,318 (2024: RM18,792,117) paid to the relevant authorities for property development projects; (ii) an amount of RM29,102,500 (2024: RMNil) paid as partial purchase consideration for acquisition of a parcel of freehold land as disclosed in Note 39(a); and (iii) an amount of RM4,208,165 (2024: RMNil) paid as partial purchase consideration for acquisition of a subsidiary as disclosed in Note 39(b). (h) Included in prepayments of the Group are: (i) RM70,848,462 (2024: RM24,785,893) development costs incurred in respect of upcoming property development project; (ii) during the financial year, the Group reclassified prepayments amounting to RM37,343,107 (2024: RMNil) to land held for property development upon fulfilment of terms and conditions stipulated in the development rights agreement as disclosed in Note 19; (iii) an amount of RM11,104,361 (2024: RM9,108,993) paid to Trustee accounts for joint development of infrastructure projects with other developers; and (iv) in the previous financial year, the Group reclassified prepayments amounting to RM2,031,444 to property development costs upon fulfilment of terms and conditions stipulated in the Agreements as disclosed in Note 22. 22. PROPERTY DEVELOPMENT COSTS The Group 2025 2024 RM RM At cost: Freehold land At beginning of year 253,372,644 178,639,356 Additions 4,477,418 3,980,397 Provision for landowners’ entitlement 2,305,631 27,120,248 Reclassify from deposit (Note 21(f)(ii)) - 10,000,000 Reclassify from prepayment (Note 21(h)(iv)) - 25,000 Transfer from land held for property development (Note 19) 18,959,169 100,035,308 Transfer to inventories (14,322,681) (3,137,297) Reversal of completed projects (47,236,839) (63,290,368) At end of year 217,555,342 253,372,644 6 Financial Insights Through Numbers 1 3 5 2 4 7 PG | 255 ANNUAL REPORT 2025 MKH BERHAD
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