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Notes to the annual financial statements | Note 17

FOR THE YEAR ENDED 30 SEPTEMBER 2013

 
Group
Company
  Rm 2013 2012 2013 2012

17.

INVENTORY AND CONTRACTS IN PROGRESS

Raw materials and components
295,0
222,7
69,3
62,7
Finished goods
335,6
372,1
78,3
103,2
Merchandise
346,6
236,8
243,5
151,3
Consumable stores
10,5
8,8
0,3
0,2
Contracts and other work-in-progress
284,9
246,8
69,1
47,4
1 272,6
1 087,2
460,5
364,8
Provision against inventory
(109,3)
(117,9)
(49,5)
(57,3)
 
1 163,3
969,3
411,0
307,5
The value of inventory has been determined on the following bases:
First-in first-out
473,3
374,0
358,0
267,0
Weighted average cost
222,0
217,8
19,8
34,0
Net realisable value
105,9
87,3
33,2
1,7
Standard cost
362,1
290,2
4,8
 
1 163,3
969,3
411,0
307,5
  Write-down of inventory recognised in the income statement (refer to note 2)
7,0
9,9
4,2
9,3