Wah Seong Corporation Berhad Annual Report 2021 161 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 14 INVESTMENT IN EQUITY INSTRUMENTS During the financial year ended 31 December 2021, the Group disposed the investment in equity instruments with a total disposal price of RM3,000. Investment in equity instruments for the financial year ended 31 December 2020 is in relation to quoted shares in Malaysia held by the Group. Gains or losses arising from fair value changes of investment in equity instruments The Group recognised a loss of RM2,000 (2020: RM1,000) in the profit or loss arising from fair value changes of its investment in equity instruments. The method and assumptions applied in determining the fair value of financial assets are disclosed in Note 46. 15 INVENTORIES Group 2021 2020 RM’000 RM’000 Raw materials 74,386 74,416 Work-in-progress 22,633 33,391 Manufactured and trading goods 66,619 62,876 Consumables 10,820 18,482 Goods in transit 3,504 6,500 177,962 195,665 16 TRADE AND OTHER RECEIVABLES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Current Gross trade receivables 291,753 300,653 - - Less: Allowance for impairment loss (26,303) (28,421) - - 265,450 272,232 - - Gross other receivables 70,921 75,123 12,930 12,593 Less: Allowance for impairment loss (48,235) (46,479) (12,534) (12,110) 22,686 28,644 396 483 Prepaid supplies 31,175 35,771 - - Deposits 5,716 13,533 72 51 Prepayments 15,776 9,373 231 234 340,803 359,553 699 768 Non-current Deposits 4,971 - - -
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