Registration No. 200301030845 (633265-K) - 97 - 12. Other Investment 2022 2021 2022 2021 RM RM RM RM Golf club membership 320,000 320,000 150,000 150,000 Company Group This represents investment stated at cost in a local golf club and resort, which entitles the Group’s and the Company’s management and staff to utilise the facilities. 13. Inventories 2022 2021 RM RM At cost Spare parts and consumables 2,333,152 3,691,275 Raw materials 1,727,668 4,671,723 Work-in-progress 3,284,446 1,125,709 Finished goods 5,965,066 2,610,019 13,310,332 12,098,726 Recognised in profit or loss: Inventories recognised as cost of sales 13,131,057 10,497,179 Group The inventories are written off when it has lost its value and cannot be sold due to damage, theft, loss, or decline in market value. 14. Contract Assets/(Liabilities) 2022 2021 RM RM Current Contract assets Construction contract - 94,949,740 Service contract 2,450,952 2,348,444 2,450,952 97,298,184 Contract liabilities Construction contract - 19,205,728 Service contract 1,763,996 1,054,960 1,763,996 20,260,688 Group 175 ANNUAL REPORT 2022 DESTINI BERHAD
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