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ANNUAL REPORT 2016
WAH SEONG CORPORATION BERHAD
144
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
16 INVENTORIES
Group
2016
RM’000
2015
RM’000
Raw materials
112,614
154,369
Work-in-progress
42,276
38,093
Manufactured and trading goods
37,433
39,866
Consumables
13,725
13,456
Goods in transit
2,350
1,612
208,398
247,396
17 AMOUNTS DUE FROM/(TO) CUSTOMERS ON CONTRACTS
Group
2016
RM’000
2015
RM’000
Aggregate costs incurred to date
878,075
1,316,085
Attributable profits recognised to date less recognised losses
169,995
198,459
1,048,070
1,514,544
Less: Progress billings on contracts
(1,026,652)
(1,440,915)
21,418
73,629
Represented by:
Amounts due from customers on contracts
43,981
90,395
Amounts due to customers on contracts
(22,563)
(16,766)
21,418
73,629
Retention sums on contracts (included within trade receivables)
2,152
7,278