Notes to the Group financial statements | Note 15
for the year ended 31 December 2010 |
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December
2010
Rm |
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December
2009
Rm |
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| 15. |
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INVENTORIES |
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Finished goods (handsets, SIM cards and accessories) – at cost |
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1 879 |
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1 650 |
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Consumable stores and maintenance spares – at cost |
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36 |
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68 |
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Less: Writedown to net realisable value |
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(326) |
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(196) |
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1 589 |
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1 522 |
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MTN Uganda have secured facilities through the pledge of their inventories, please refer to note 20. |
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At beginning
of period
Rm |
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Additions
Rm |
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Utilised
Rm |
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Exchange
differences
Rm |
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At end
of period
Rm |
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December 2010 |
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Movement in writedown |
(196) |
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(145) |
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9 |
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6 |
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(326) |
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December 2009 |
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Movement in writedown |
(162) |
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(67) |
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22 |
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11 |
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(196) |
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A writedown of R145 million (December 2009: R67 million) was incurred in the current year. This amount is included in other operating expenses in
profit or loss (Refer to note 5). |
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