Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d) 130 20. Inventories 2019 2018 RM RM Cost: Raw materials 16,318,398 15,401,483 Finished goods 49,758,007 96,394,727 Completed properties 4,411,185 10,339,663 70,487,590 122,135,873 Net realisable value: Finished goods 9,510,099 103,792 79,997,689 122,239,665 21. Trade and other receivables 2019 2018 2019 2018 RM RM RM RM Trade receivables Third parties 441,548,295 364,893,684 - - Amount due from joint venture 38,488,396 32,211,242 - - Amounts due from companies related to certain directors 2,198,116 8,932,651 - - 482,234,807 406,037,577 - - Less: Allowance for impairment - Third parties (14,286,048) (14,895,398) - - Trade receivables, net 467,948,759 391,142,179 - - Other receivables Refundable deposits 6,475,921 57,376,652 4,500 4,500 Amount due from subsidiaries - - 25,949,737 40,965,788 Sundry receivables 11,847,632 6,651,004 - - 18,323,553 64,027,656 25,954,237 40,970,288 Total trade and other receivables 486,272,312 455,169,835 25,954,237 40,970,288 Add: Cash and bank balances (Note 22) 64,940,265 35,569,427 588,331 2,400,916 Total financial assets at amortised cost 551,212,577 490,739,262 26,542,568 43,371,204 Group Group Company Certain completed properties with an aggregate carrying amount of RM905,896 (2018: RM905,896) are charged for bank borrowings as referred to in Note 23.