NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 SECTION 4: FINANCIAL PERFORMANCE 176 9. INVENTORIES Group 2024 2023 RM’000 RM’000 At cost Finished goods 165,754 150,636 Recognised in profit or loss:- Cost of inventories recognised as cost of sales during the year 229,071 187,740 Allowance for slow moving inventories 2,437 547 Reversal for slow moving inventories (1,255) (324) The allowance for 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 Group 2024 2023 RM’000 RM’000 Third parties 3,653 11,834 Less: Allowance for expected credit losses (19) - 3,634 11,834 Set below is the movement in the allowance for expected credit losses of receivables:- Group 2024 2023 RM’000 RM’000 At 1 January - - Less: Allowance for expected credit losses 19 - 19 - Trade receivables are generally on 2 to 60 days (2023: 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.
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