Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 280 Notes to the Financial Statements 13. INVENTORIES Group 2024 RM’000 2023 RM’000 Raw materials 992,899 861,937 Work-in-progress 412,863 434,258 Finished goods 512,308 697,707 Consumable parts 484,277 398,069 Goods in transit 218,897 174,453 2,621,244 2,566,424 Recognised in profit or loss: Inventories recognised as cost of sales 11,449,171 11,448,093 13.1 Material accounting policy information Inventories are measured at the lower of cost and net realisable value. The cost of inventories is calculated using the first-in, first-out method. 14. CASH AND CASH EQUIVALENTS Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Deposits placed with licensed banks 84,056 250,052 76,993 78,955 Cash and bank balances 1,424,692 977,956 106,014 94,251 1,508,748 1,228,008 183,007 173,206 Deposits placed with licensed banks of the Group and of the Company comprise deposits pledged for bank facilities granted to the Group and to the Company of RM76,993,000 (2023: RM78,955,000) (see Note 16). 15. CAPITAL AND RESERVES Share capital Group and Company Amount 2024 RM’000 Number of shares 2024 ’000 Amount 2023 RM’000 Number of shares 2023 ’000 Ordinary shares with no par value, issued and fully paid: 2,052,744 8,239,619 2,052,744 8,239,619
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