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CSIR ANNUAL REPORT 2010/11
Notes to the Annual Financial Statements
for the year ended 31 March 2011
10
OTHER INVESTMENTS
11
TRADE AND OTHER RECEIVABLES
% held Number of shares held Class of
shares
2011 2010
GROUP
CSIR
2011 2010 2011 2010
R’000 R’000 R’000 R’000
Unlisted shares - - - -
Breathetex (Pty) Ltd 20,1 12 000 12 000 Ordinary 11 025 11 025 11 025 11 025
11 680 11 680 Preference
Accumulated
impairment losses (11 025) (11 025) (11 025) (11 025)
- - - -
Trade receivables 92 752 112 847 99 089 115 015
Prepaid expenditure 24 157 14 945 24 156 14 945
Other receivables 1 600 960 386 126
118 509 128 752 123 631 130 086
Trade receivables are shown net of impairment losses. Refer to note 22 for more detail on trade receivables.
12
INVENTORY AND CONTRACTS IN PROGRESS
Contracts in progress less provision for losses 85 713 76 868 84 796 76 821
Raw materials and consumables 2 906 4 060 1 122 2 003
Work in progress 735 - - -
Finished goods 195 - - -
89 549 80 928 85 918 78 824
Estimates on contract in progress recognition are based on cost to completion, budgets and percentage of completion.
The write-down of inventory to net realisable value amounted to R230 154 (2010: R nil).
146