NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 22. PROPERTY DEVELOPMENT COSTS (CONT'D) The Group 2025 2024 RM RM Leasehold land At beginning of year 148,904,115 176,604,944 Additions 437,090 2,963,899 Reversal of provision for landowners' entitlement (50,699) - Transfer from land held for property development (Note 19) 3,389,547 - Reversal of completed projects (16,971,365) (30,664,728) At end of year 135,708,688 148,904,115 Development costs At beginning of year 750,875,552 725,372,680 Additions 254,970,568 371,960,346 Transfer from land held for property development (Note 19) 22,678,474 25,067,796 Transfer to inventories (51,050,356) (17,221,165) Reclassify from prepayment (Note 21(h)(iv)) - 2,006,444 Reversal of completed projects (552,246,668) (356,310,549) At end of year 425,227,570 750,875,552 Total land and development costs 778,491,600 1,153,152,311 Less: Provision for foreseeable loss At beginning of year (609,502) (2,080,070) Additions (Note 5) (530,776) (942,025) Incurred during the year 1,140,278 2,412,593 At end of year - (609,502) Less: Costs recognised as an expense in profit or loss At beginning of year (672,609,722) (696,262,653) Additions (326,752,016) (426,612,714) Reversal of completed projects 616,454,872 450,265,645 At end of year (382,906,866) (672,609,722) 395,584,734 479,933,087 PG | 256 ANNUAL REPORT 2025 MKH BERHAD
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