inter roller fa final

Notes to the Financial Statements15 Contract work-in-progressThe GroupThe Company2004 2003 2004 2003$ $ $ $Costs 68,601,764 40,329,234 60,683,455 37,252,189Attributable profit 29,817,630 18,734,267 27,323,294 17,708,585Gross contract work-in-progress 98,419,394 59,063,501 88,006,749 54,960,774Progress billings (59,247,292) (45,008,776) (51,050,470) (41,251,728)39,172,102 14,054,725 36,956,279 13,709,046Contract revenue recognised duringthe year 69,855,950 52,874,362 68,244,184 52,864,40616 Trade receivablesThe GroupThe Company2004 2003 2004 2003$ $ $ $External parties 3,576,242 3,703,173 3,576,242 3,681,055Retentions 485,301 1,507,299 485,301 1,507,2994,061,543 5,210,472 4,061,543 5,188,354Less:Provision for doubtful debts (348,163) (261,347) (348,163) (261,347)3,713,380 4,949,125 3,713,380 4,927,00717 Short-term investments2004 2003The Group $ $Quoted equity shares in corporations, at cost 379,836 2,032,831Provision for diminution in value - (275,613)379,836 1,757,218Market value of quoted equity shares 461,439 2,462,614inter-roller engineering limited annual report2004 61