NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 15

15. INVENTORIES
  2016
R’000
  2015 
R’000 
 
         
Raw materials 317 876    351 849    
Work-in-progress  24 756    33 265    
Finished goods  824 373    822 467    
Inventory value, net of provisions   1 167 005    1 207 581    
Inventories written down/(reversed) and recognised as an expense/(income) in profit or loss:             
Cost of sales  63 986    92 045    
Non-trading expenses  –    (8 375)   
   63 986    83 670    
Continuing operations  63 986    83 670    
Discontinued operations (note 2) 4 616    5 755    
   68 602    89 425   

Inventories are written off if aged, damaged, stolen or the likelihood of being sold is remote.
Inventories are written down to the lower of cost and net realisable value.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 15