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Annual Report 2014 | S P SETIA BERHAD GROUP | 163

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

16. INVENTORIES

Group

2014

2013

RM’000

RM’000

Restated

At cost:

Stock of completed properties

41,522

19,330

Raw materials

4,247

4,067

Work-in-progress

4

3

Consumable goods

270

166

46,043

23,566

17. ACCRUED BILLINGS/PROGRESS BILLINGS

Group

2014

2013

RM’000

RM’000

Restated

Revenue recognised in profit or loss to-date

15,072,900

10,657,124

Progress billings to-date

(15,528,017)

(11,454,165)

(455,117)

(797,041)

Accrued billings

201,002

116,279

Progress billings

(656,119)

(913,320)

(455,117)

(797,041)

18. TRADE RECEIVABLES

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Gross progress billings receivable

275,239

502,056

-

502

Gross retention sums receivable

145,412

185,600

-

891

Other gross receivables

13,447

16,166

-

5,959

Total gross receivables

434,098

703,822

-

7,352

Allowance for doubtful debts

(694)

(3,052)

-

(1,393)

433,404

700,770

-

5,959