| |
| |
|
Notes |
2009
R’million |
|
Restated
2008
R’million |
| |
Inventories |
8 |
1 434,6 |
|
1 447,0 |
| |
Trade and other receivables |
9 |
2 091,5 |
|
1 875,8 |
| |
Current tax assets |
|
9,4 |
|
0,2 |
| |
Derivative financial instruments |
10 |
— |
|
0,7 |
| |
Cash and cash equivalents |
11 |
2 065,3 |
|
1 522,2 |
| |
|
|
5 600,8 |
|
4 845,9 |
| 8. |
INVENTORIES |
|
|
|
|
| |
Carrying values |
|
|
|
|
| |
Raw materials |
|
450,0 |
|
505,6 |
| |
Work-in-progress |
|
180,9 |
|
244,8 |
| |
Finished goods |
|
785,1 |
|
681,6 |
| |
Consumables |
|
18,6 |
|
15,0 |
| |
|
|
1 434,6 |
|
1 447,0 |
| |
Inventories as a percentage of revenue |
|
17% |
|
31% |
| |
Inventories as a percentage of cost of sales |
|
31% |
|
58% |
| |
Write-off of inventories recognised as an expense |
|
94,7 |
|
49,2 |
| |
No inventories were carried at net realisable value at year-end (2008: R3,3 million). |
|
|
|
|
| |
No inventories were encumbered during the year. |
|
|
|
|
| |
|
|
|
|
|
| |
 |
| |
|
|
|
|
|
| |
|
|
2009
R’million |
|
Restated
2008
R’million |
| |
Impairment of inventories |
|
|
|
|
| |
The write-down can be split as follows |
|
|
|
|
| |
South Africa |
|
74,3 |
|
49,1 |
| |
International |
|
20,4 |
|
0,1 |
| |
|
|
94,7 |
|
49,2 |
| |
The impairment relates mainly to expired inventories in the pharmaceutical segment. Due to the finite shelf life of pharmaceutical products, they are more susceptible to impairment. |
|
|
|
|
| |
Reconciliation of provision for impairment |
|
|
|
|
| |
Balance at beginning of the year |
|
93,0 |
|
62,7 |
| |
Raised during the year |
|
167,7 |
|
61,1 |
| |
Utilised during the year |
|
(129,8) |
|
(31,1) |
| |
Acquisition of subsidiary |
|
5,5 |
|
— |
| |
Disposal of joint venture |
|
(0,1) |
|
— |
| |
Effects of exchange rate changes |
|
(1,9) |
|
0,3 |
| |
Balance at the end of the year |
|
134,4 |
|
93,0 |
|
|
