16. INVENTORIES (CONT’D.) (b) Property development costs Group 2025 RM’000 2024 RM’000 Cost At 1 January 443,442 309,260 Development costs incurred 211,776 41,463 Transfers from/(to): Land held for property development (Note 16(a)) 130,242 346,733 Investment properties (Note 17) (6,612) (8,877) Completed development properties (1,630) (27,985) Contract cost assets (Note 25) (163,688) (217,152) At 31 December 613,530 443,442 (c) Land held for sales Group 2025 RM’000 2024 RM’000 Cost At 1 January 807,818 58,096 Additions 118,166 23,930 Transfer from land held for property development (Note 16(a)) 82 807,686 Disposals (Note 5) (92,884) (81,894) At 31 December 833,182 807,818 Net realisable value At 1 January 309,826 129,803 Additions 76,887 28,448 Transfer from land held for property development (Note 16(a)) 57,310 390,884 Inventories written down (10,091) (133,041) Disposals (Note 5) (201,569) (106,268) At 31 December 232,363 309,826 1,065,545 1,117,644 Certain inventories with carrying amount of RM5,157,482,000 (2024: RM5,774,335,000) are pledged as securities for bank borrowings as disclosed in Note 32. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 294
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