cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 201283Notes to the Financial Statements (cont’d)9. Deferred tax assets/(liabilities) (Cont’d)Recognised Effect of Recognised Effect ofin income movements in income movementsAt statement in exchange At statement in exchange At1.1.2011 (Note 21) rates 31.12.2011 (Note 21) rates 31.12.2012Cpmpany RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Other items – 119 – 119 (111) – 8– 119 – 119 (111) – 810. Amount due from a subsidiaryThe amount due from a subsidiary relates to advances which is unsecured, not repayable within the nexttwelve months and bear interest of 2.25% (31 December 2011: 2.25%; 1 January 2011: 2.25%) per annumabove cost of funds.11. InventoriesGroup31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000At cost:Raw materials 40,899 32,771 33,439Tools and consumables 12,989 14,427 14,562Work in progress 1,970 2,469 513Merchandise for resale – – 24255,858 49,667 48,756At net realisable value:Raw materials 19,529 21,266 14,611Tools and consumables 1,424 1,187 5,69676,811 72,120 69,06312. Trade and other receivablesGroupCompanyNote 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000 RM’000 RM’000 RM’000TradeTrade receivables 375,687 334,700 254,689 – – –Amount due fromcontract customers 12.1 486,839 450,390 395,151 – – –862,526 785,090 649,840 – – –