Connecting the nation. and Beyond. - ChartNexus

228 / MRCB annual report 2011 /
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2011
28 CONSTRUCTION CONTRACTS
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Aggregate costs incurred to date 3,725,183 2,854,097 1,081,697 1,527,853
Attributable profits on contract works performed to date 263,893 218,627 20,450 50,201
Less: Provision for foreseeable losses (19,278) (14,826) (4,500) (48)
3,969,798 3,057,898 1,097,647 1,578,006
Less: Progress billings (3,460,402) (2,656,251) (1,017,565) (1,502,391)
509,396 401,647 80,082 75,615
Amounts due from customers on contracts (Note 27) 517,369 411,688 82,753 75,663
Amounts due to customers on contracts (Note 39) (7,973) (10,041) (2,671) (48)
509,396 401,647 80,082 75,615
Retention sum on contracts, included under trade receivables 49,841 46,391 – –
No borrowing costs has been capitalised in construction contracts during the financial year (2010: RM Nil).
29 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Shares in corporations, quoted in Malaysia 4,545 4,608 4,217 4,232
Financial assets at fair value through profit or loss are presented within ‘operating activities’ as part of changes in working
capital in the statements of cash flows.
Changes in fair values of financial assets at fair value through profit or loss are recorded in ‘other gain/(losses) – net’ in
the profit or loss.
The fair value of all equity securities is based on their current bid prices in an active market