Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 150 15 INVENTORIES Group 2017 RM’000 2016 RM’000 Raw materials 126,597 112,614 Work-in-progress 70,747 42,276 Manufactured and trading goods 56,404 37,433 Consumables 14,774 13,725 Goods in transit 21,637 2,350 290,159 208,398 16 AMOUNTS DUE FROM/(TO) CUSTOMERS ON CONTRACTS Group 2017 RM’000 2016 RM’000 Aggregate costs incurred to date 302,658 878,075 Attributable profits recognised to date less recognised losses 86,125 169,995 388,783 1,048,070 Less: Progress billings on contracts (368,075) (1,026,652) 20,708 21,418 Represented by: Amounts due from customers on contracts 52,467 43,981 Amounts due to customers on contracts (31,759) (22,563) 20,708 21,418 Retention sums on contracts (included within trade receivables) 2,872 2,152