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annual report | 2012 Gunung Capital Berhad (330171-P)<br />
70<br />
NOTES TO THE FINANCIAL STATEMENTS (cont’d)<br />
31 DECEMBER 2012<br />
7 OTHER FINANCIAL ASSETS<br />
2012<br />
RM<br />
Group<br />
Non-current:<br />
Available for sale financial assets<br />
Unquoted shares, at cost 357,678 357,678<br />
Less: Impairment losses (341,754) (80,000)<br />
Net balance 15,924 277,678<br />
8 GOODWILL ON CONSOLIDATION<br />
2012<br />
RM<br />
Group<br />
As at 1 January / 31 December 12,449,762 12,449,762<br />
9 INVENTORIES<br />
2012<br />
RM<br />
Group<br />
At cost:<br />
Spare parts for motor vehicles 542,259 385,561<br />
At net realisable value:<br />
Raw materials - 423,859<br />
During the financial year, the Group’s inventories were written down by RM73,859 (2011: RM200,000).<br />
10 TRADE RECEIVABLES<br />
2011<br />
RM<br />
2011<br />
RM<br />
2011<br />
RM<br />
542,259 809,420<br />
2012<br />
RM<br />
Group<br />
Related parties - 409,323<br />
Third parties 2,411,839 355,944<br />
The currency profile of trade receivables is entirely in Ringgit Malaysia.<br />
2011<br />
RM<br />
2,411,839 765,267<br />
The Group’s normal trade credit terms granted ranges from 45 to 60 days. They are recognised at their original invoice<br />
amounts which represent their fair values on initial recognition.