WASCO BERHAD 242 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 12 INVENTORIES Group 2024 RM’000 2023 RM’000 Raw materials 191,540 88,337 Work-in-progress 16,886 29,382 Manufactured and trading goods 44,050 45,580 Consumables 29,307 19,767 Goods in transit 2,410 3,258 Spare parts 13,156 - 297,349 186,324 Inventories recognised as an expense in cost of sales during the financial year ended 31 December 2024 is RM97,987,000 (2023: RM101,705,000). Recognition and measurement Inventories are stated at the lower of cost and net realisable value. Cost is determined on the first in, first out basis. In the case of finished goods and work in progress, cost comprises materials, direct labour, other direct charges and an appropriate proportion of factory overheads. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs to completion and selling expenses. 13 TRADE AND OTHER RECEIVABLES Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Current Gross trade receivables 556,226 459,017 - - Less: Allowance for impairment loss (26,187) (14,976) - - 530,039 444,041 - - Gross other receivables 66,037 36,255 104 343 Less: Allowance for impairment loss (28,427) (14,852) (15) (15) 37,610 21,403 89 328 Prepaid supplies 21,002 74,271 - - Deposits 8,244 8,364 - 22 Prepayments 12,040 15,493 100 165 608,935 563,572 189 515
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