Section 18

The Group

The Company 2005 2004 2005 2004

At cost:

Completed houses 47,103,605 44,203,542 45,737,417 36,856,681

Raw materials and consumables 192,312 266,134

—

—

Work-in-progress 60,362 6,151

—

—

Finished goods 2,821 3,198

—

—

Other inventories 14,978 25,961 14,978 25,961 47,374,078 44,504,986 45,752,395 36,882,642

Less: Allowance for inventories obsolescence

(76,972)

—

—

—

Net 47,297,106 44,504,986 45,752,395 36,882,642

As of to-date, certain titles of the completed houses of the Group (all pertaining to the Company) with carrying value amounting to RM42,891,009

(RM34,010,273 in 2004) are held in escrow by the ultimate holding cor-poration.