Kimlun Corporation Berhad Annual Report 2018

18. Land held for development and development properties (cont’d) (b) Development properties (cont’d) Included in costs incurred during the financial year on land held for development and development properties are: 2018 2017 RM RM Interest expenses (Note 6) 992,146 2,224,142 Land held for development and development properties with an aggregate carrying amount of RM74,901,678 (31.12.2017: RM61,895,539; 1.1.2017: RM61,943,251) are charged for bank borrowings as referred to in Note 22. 19. Inventories Group 31.12.2018 31.12.2017 1.1.2017 RM RM RM Cost Raw materials 15,401,483 11,117,912 9,910,190 Finished goods 96,394,727 49,122,077 8,502,289 Completed properties 10,339,663 13,491,560 - 122,135,873 73,731,549 18,412,479 Net realisable value Finished goods 103,792 154,371 32,427 122,239,665 73,885,920 18,444,906 20. Trade and other receivables Group 31.12.2018 31.12.2017 1.1.2017 RM RM RM Trade receivables Third parties 364,893,684 377,164,230 429,679,125 Amount due from joint venture 32,211,242 23,014,845 10,415,515 Amounts due from a company related to certain directors 8,932,651 8,757,953 10,474,740 406,037,577 408,937,028 450,569,380 Less: Allowance for impairment - Third parties (14,895,398) (13,058,445) (2,634,905) Trade receivables, net 391,142,179 395,878,583 447,934,475 Other receivables Refundable deposits 57,376,652 14,314,340 15,369,500 Amount due from a joint venture - - 62 Sundry receivables 16,312,020 2,065,540 3,449,593 73,688,672 16,379,880 18,819,155 Total trade and other receivables 464,830,851 412,258,463 466,753,630 Add: Cash and bank balances (Note 21) 35,569,427 86,571,902 79,025,354 Total financial assets at amortised cost 500,400,278 498,830,365 545,778,984 Kimlun Corporation Berhad 101 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2018 (cont’d)