respectively. (c) Profit rate swap (‘PRS’) contracts (i) PRS contract - TNB Bukit Selambau Solar Sdn. Bhd. (‘TBSS’) The Group entered into a PRS contract with effect from 29 March 2019 that entitled TBSS to receive profit at floating rates and obliged to pay profit at a fixed rate of 4.3% per annum on aggregate notional principal of RM134.7 million. (ii) PRS contract - TNB Sepang Solar Sdn. Bhd. (‘TSS’) The Group entered into a PRS contract with effect from 13 February 2020 that entitled TSS to receive profit at floating rates and obliged to pay profit at a fixed rate of 3.2% per annum on aggregate notional principal of RM236.2 million. (d) Power purchase agreements (‘PPAs’) - Bomen Solar Farm Pty Ltd (‘Bomen’) A subsidiary of Spark Renewables,Bomen has entered into: (i) A PPA with Progressive Green Pty Ltd on 21 December 2018, whereby Bomen will deliver the agreed percentage of electricity output to the offtaker for 5 to 10 years at agreed prices, thereby mitigating exposure to variable market prices; and (ii) A 10-year PPA with Westpac Banking Corporation on 16 April 2019 for an annual contracted volume of 63 gigawatt hours (‘GWh’) at an agreed price, thereby mitigating exposure to variable market prices. Credit risks relating to derivative financial instruments are disclosed in Note 45(b) to the financial statements. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 253 20 INVENTORIES Accounting Policy Inventories are stated at the lower of cost and net realisable value. Cost of work-in-progress and finished goods comprise raw materials, direct labour and a proportion of the production overheads. Cost is determined on the weighted average basis and comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Net realisable value is the estimated selling price in the ordinary course of business, less the costs of completion and selling expenses. Accounting Policy Trade and other receivables Trade receivables are