SECTION 4: FINANCIAL PERFORMANCE 190Registration No: 199301009307 (264044-M) 52 9. INVENTORIES Group 2023 2022 RM’000 RM’000 At cost Finished goods 150,636 113,567 Recognised in profit or loss:- Cost of inventories recognised as cost of sales during the year 187,740 167,129 Allowance for slow moving inventories (net) 223 1,417 The slow moving inventories are included in cost of sales. Material accounting policy information Inventories are measured at the lower of cost and net realisable value. The cost of inventories is calculated using the weighted average method. 10. TRADE RECEIVABLES Trade receivables are generally on 2 to 60 (2022: 2 to 60) days term and are non-interest bearing. Other credit terms are assessed and approved by the management on a case-by-case basis. 11. OTHER RECEIVABLES Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Non-current assets Long term deposit 437 - - - Current assets Non-trade receivables 12,766 8,472 5,381 50 Prepayment 1,365 2,822 128 1,831 Deposits 4,978 4,685 - - 19,109 15,979 5,509 1,881 Long term deposit Long term deposit consists of rental paid in advance to landlords.
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