16. TRANSFERABLE CLUB MEMBERSHIPS Group Company 2025 2024 2025 2024 $ $ $ $ Transferable club memberships at cost 77,871 77,871 47,071 47,071 Currency translation differences (8,637) (9,556) – – Less: allowance for impairment (43,070) (43,070) (43,070) (43,070) Total transferable club memberships 26,164 25,245 4,001 4,001 Movement in allowance for impairment: Balance at beginning and end of year 43,070 43,070 43,070 43,070 The carrying value of club memberships is at cost less allowance for impairment. The fair value of the club memberships is deemed to be not reliably measurable as the probabilities of the various estimates within the range cannot be reasonably assessed and used in estimating fair values. Consequently it is carried at cost less allowance for impairment. 17. INVENTORIES Group Company 2025 2024 2025 2024 $ $ $ $ Finished goods 29,035,716 31,742,578 14,417,968 15,514,618 Inventories are stated after allowance. Movements in allowance during the year: Balance at beginning of the year 7,227,940 6,103,650 2,304,000 2,405,000 Charge to profit or loss 163,018 1,689,628 692,347 433,760 Amount written off against allowance (388,790) (612,732) (282,347) (534,760) Currency translation differences (242,718) 47,394 – – Balance at end of the year 6,759,450 7,227,940 2,714,000 2,304,000 Group 2025 2024 $ $ The write-downs of inventories charged to profit or loss included in cost of sales (Note 5) 163,018 1,689,628 Decrease in inventories of finished goods charged to profit or loss included in cost of sales 2,706,862 1,818,593 Purchase of inventories 86,257,782 92,461,807 Certain inventories are pledged as security for banking facilities as at 31 December 2025 and 31 December 2024 (see Note 25). MEGACHEM LIMITED ANNUAL REPORT 2025 150 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025
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