NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 22. PROPERTY DEVELOPMENT COSTS (CONT'D) Included in the above are: (i) titles of freehold land amounting to RM18,816,422 (2024: RM41,515,212) have been deposited for term loan facility granted to a subsidiary as disclosed in Note 33; and (ii) freehold and leasehold land amounting to RM318,521,180 (2024: RM290,007,428) represents entitlements of the landowners pursuant to joint venture and joint land development agreements to undertake property development projects. The titles to the development land will be transferred from landowners to the property purchasers. 23. INVENTORIES The Group 2025 2024 RM RM At lower of cost and net realisable value: Raw materials - 78,528 Work-in-progress - 43,191 Finished goods 714,631 895,346 Food and beverages 8,011 5,332 Plantation consumables 13,781,293 14,952,582 Fertilisers 6,449,798 4,086,494 Crude palm oil, crude palm kernel oil and palm kernel 28,145,343 17,211,068 Completed development properties 93,089,796 59,890,271 142,188,872 97,162,812 During the financial year, the cost of inventories recognised as an expense in cost of sales of the Group is RM294,145,060 (2024: RM312,051,908). In the previous financial year, the Group has transferred completed inventories amounting to RM20,051,460 to investment properties as disclosed in Note 15 due to the change in use. 6 Financial Insights Through Numbers 1 3 5 2 4 7 PG | 257 ANNUAL REPORT 2025 MKH BERHAD
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