Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 338 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 25. INVENTORIES Group 2023 RM’000 2022 RM’000 Consumables 16,754 17,178 The amounts of inventories recognised as expenses in cost of sales of the Group is disclosed in Note 4. In the previous financial year, inventories amounted to RM12.8 million was written off. These inventories were related to the COVID-19 business under the healthcare support segment, were purchased in the same year that they were written off. 26. SHORT TERM INVESTMENTS Group 2023 RM’000 2022 RM’000 Financial asset at fair value through profit or loss: - unquoted unit trusts (money market funds) 26,616 97,178 Unquoted unit trusts (money market funds) represent investment funds invested with licensed fund managers in the funds approved by the Securities Commission Malaysia. The portfolio of investments authorised by the Board of Directors comprises only deposits in both Islamic and conventional instruments with financial institutions.
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