2011/2012 audited annual accounts - Falkirk Council

27.(a) Inventories
An analysis of stocks as at 31 March 2012 is shown below with the basis of valuation:-
FALKIRK COUNCIL
NOTES TO THE CORE FINANCIAL STATEMENTS
2011/12 Stock
Opening Purchases/ Write Recognition Closing
Stock Additions Downs as an expense Stock
£’000 £’000 £’000 £’000 £’000
Stocks Basis of Valuation
Corporate & Neighbourhood Services
Building Maintenance 340 1,801 - (1,791) 350 average cost
Transport 49 1,823 - (1,780) 92 average cost
Cleansing 84 195 - (215) 64 lower of cost and net realisable value
Grounds Maintenance 59 70 - (73) 56 lower of cost and net realisable value
Catering 63 1,317 - (1,330) 50 average cost
Street Lighting 45 19 - (42) 22 average cost
Sign Factory 91 105 (6) (101) 89 lower of cost and net realisable value
Pest Control 10 22 - (20) 12 lower of cost and net realisable value
Road Salt - 271 - (142) 129 Latest invoice price
Community Services
Leisure Facilities 34 - - (34) - lower of cost and net realisable value/latest invoice price
Museums 18 - - (18) - lower of cost and net realisable value/latest invoice price
Parks 1 - - (1) - latest invoice price
Development Services
Strategic Waste 48 278 - (290) 36 latest invoice price
Housing 6 - - (3) 3 latest invoice price
Central Support Services 13 192 - (189) 16 latest invoice price
TOTAL STOCKS 861 6,093 (6) (6,029) 919 The use of other than lower of cost
and net realisable value is a departure
Work in Progress from the Code but is not considered
material.
Sign Factory 11 4 - (11) 4
TOTAL WORK IN PROGRESS 11 4 - (11) 4
TOTAL STOCKS & WORK IN PROGRESS 872 6,097 (6) (6,040) 923
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