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for the year ended 30 June 2007 vir die jaar geëindig 30 Junie 2007
Regular way purchases or sales are purchases or sales of fi nancial assets that require delivery of assets within
the period generally established by regulation or convention within the marketplace. Financial assets are
derecognised when the contractual rights to the cash fl ows from the fi nancial asset expire, or when the
contractual rights to received the cash fl ows are transferred.
Held-to-maturity investments Beleggings gehou tot verval
Non-derivative fi nancial assets with fi xed or determinable payments and fi xed maturity are classifi ed as heldto-maturity
when the Group has the positive intention and ability to hold to maturity. Investments intended
to be held for an undefi ned period are not included in this classifi cation.
(j) Inventories (j) Voorrade
Inventories are valued at the lower of cost and net realisable value. Costs incurred in bringing each product
to its present location and condition are accounted for as follows:
Notes to the Financial Statements
Aantekeninge by die Finansiële State
“Gewone manier”-aankope en -verkope is aankope of verkope van fi nansiële bates wat vereis dat die bates
gelewer word binne die tydsbestek wat algemeen deur regulasie of konvensie in die mark bepaal word. Die
fi nansiële bate word ontken wanneer die kontraktuele reg tot die kontantvloei van die fi nansiële bate verval,
of wanneer die kontraktuele reg om die kontantvloei te ontvang, oorgedra word.
Nie-afgeleide fi nansiële instrumente met vaste of bepaalbare betalings en ’n vaste termyn word geklassifi seer
as beleggings gehou tot verval wanneer die Groep die positiewe voorneme en vermoë het om die termyn
te voltooi. Beleggings wat vir ’n onbepaalde tydperk gehou word, word nie by hierdie klassifi kasie ingesluit
nie.
Voorrade word gewaardeer teen die laagste van kosprys en netto realiseerbare waarde. Die koste om elke
produk in sy huidige toestand by sy huidige plek te kry, word soos volg in rekening gebring:
• Raw materials – purchase cost on a fi rst-in, fi rst-out basis • Grondstowwe – aankoopkoste volgens die eerste-in-eerste-uit-metode
• Finished goods and work in progress – cost of direct materials and labour and a portion of manufacturing
overheads, based on normal operating capacity but excluding fi nance cost
• Klaarprodukte en onvoltooide werke – koste van direkte materiale en arbeid en ’n deel van
vervaardigingsbokoste, gegrond op normale bedryfsvermoë maar met uitsluiting van fi nansieringskoste
• Slow-moving consumable stock – valued at 80% of the weighted average cost • Stadig bewegende verbruiksvoorraad – gewaardeer teen 80% van die geweegde gemiddelde koste
Cost of inventories includes the transfer from equity of gains and losses on qualifying cash fl ow hedges in
respect of the purchase of raw materials. Net realisable value is the estimated selling price in the ordinary
course of business, less estimated costs of completion and the estimated costs necessary to make the sale.
(k) Loans and accounts receivable (k) Lenings en rekeninge ontvangbaar
Loans and accounts receivable are non-derivative fi nancial assets with fi xed determinable payments that are
not quoted in an active market. After initial measurement, loans and receivables are subsequently carried
at amortised cost using the effective interest method less any allowance for impairment. Amortised cost is
calculated taking into account any discount or premium on acquisition and includes fees that are an integral
part of the effective interest rate and transaction costs. Gains and losses are recognised in the income
statement when the loans and receivables are derecognised or impaired, as well as through the amortisation
process.
Koste van voorrade sluit in die oordrag uit ekwiteit van winste en verliese op kwalifi serende kontantvloeiskanse
met betrekking tot die aankoop van grondstowwe. Netto realiseerbare waarde is die ge raamde verkoopprys
in die gewone gang van sake, min geraamde koste van voltooiing en die geraamde koste benodig om die
verkoop af te handel.
Lenings en rekeninge ontvangbaar is nie-afgeleide fi nansiële bates met vaste bepaalbare betalings wat nie in ’n
aktiewe mark gekwoteer word nie. Na aanvanklike erkenning word lenings en ontvangste teen geamortiseerde
koste erken deur gebruikmaking van die effektiewerente-metode min enige aanpassing vir waardedaling.
Geamortiseerde koste word bereken met inagneming van enige kortings of premie by verkryging en sluit
gelde in wat ’n onafskeidbare deel uitmaak van die effektiewe rentekoers en transaksiekoste. Winste en
verliese word in die inkomstestaat erken wanneer die lenings en ontvangste ontken of vir waardedaling
verminder word, asook deur die amortisasieproses.
Annual Report/Jaarverslag 2007 Page/Bladsy 51