Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 127 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 17. INVENTORIES The Group 2023 2022 RM RM Raw materials 5,880,002 5,185,582 Work-in-progress 11,116,002 8,479,907 Finished goods 5,334,206 7,616,751 22,330,210 21,282,240 Recognised in profit or loss: Inventories recognised as cost of sales 32,081,756 26,674,613 Inventories written down 358,167 144,513 Reversal of inventories previously written down (8,375) (5,719) 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 2023 2022 RM RM Amount owing by: Advances 2,989,079 2,989,079 Dividend receivable 1,800,000 1,350,000 4,789,079 4,339,079 Allowance for impairment losses (2,989,079) (2,989,079) 1,800,000 1,350,000 The amount owing arose from dividend receivable. The amount owing is to be settled in cash. 19. SHORT-TERM INVESTMENTS The Group The Company 2023 2022 2023 2022 RM RM RM RM Unit trust 29,991,575 9,082,437 17,369,607 7,501,407 Quoted shares 2,656,083 2,903,233 - - 32,647,658 11,985,670 17,369,607 7,501,407 Fair value 32,647,658 11,985,670 17,369,607 7,501,407
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