NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 14. Inventories (CONT’D) Group 2022 2021 RM’000 RM’000 Recognised in profit or loss: Inventories recognised as cost of sales 23,596 12,735 Inventories written down 15 313 Reversal of inventories written down (20) (112) The inventories written down is made when the related inventories were obsolete. The reversal of inventories written down was made during the financial year when the related inventories were sold above their carrying amounts. 15. Trade receivables Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Trade receivables 332,570 289,670 7,530 2,128 Allowance for ECLs (31) (45) - - 332,539 289,625 7,530 2,128 Accrued income 2,320 1,150 - - 334,859 290,775 7,530 2,128 The Group’s and the Company’s normal trade credit terms range from cash terms to 180 days (2021: cash terms to 180) days. Other credit terms are assessed and approved on a case-by-case basis. Movements in the allowance for ECLs are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 At beginning of the financial year 45 5 - - (Reversal)/Charge for the financial year (14) 40 - - At end of the financial year 31 45 - - 211
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