Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 133 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 17. INVENTORIES The Group 2022 2021 RM RM Raw materials 5,185,582 6,431,765 Work-in-progress 8,479,907 6,720,618 Finished goods 7,616,751 6,455,781 21,282,240 19,608,164 Recognised in profit or loss: Inventories recognised as cost of sales 26,674,613 25,560,965 (Reversal of inventories previously written down)/inventories written down (5,719) 22,647 The reversal of write-down was in respect of inventories sold above their carrying amounts during the financial year. 18. AMOUNT OWING BY SUBSIDIARIES The Company 2022 2021 RM RM Amount owing by: Advances 2,989,079 2,989,079 Dividend receivables 1,350,000 4,175,000 4,339,079 7,164,079 Allowance for impairment losses (2,989,079) (2,989,079) 1,350,000 4,175,000 The amount owing arose mainly from dividend receivables. The amount owing is to be settled in cash. 19. SHORT-TERM INVESTMENTS The Group The Company 2022 2021 2022 2021 RM RM RM RM Unit trust 9,082,437 51,737,748 7,501,407 48,643,961 Quoted shares 2,903,233 - - - 11,985,670 51,737,748 7,501,407 48,643,961 Fair value 11,985,670 51,737,748 7,501,407 48,643,961
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