Abacus Property Group – Annual Financial Report 2018
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ABACUS PROPERTY GROUP<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
30 JUNE <strong>2018</strong><br />
6. INVENTORY<br />
<strong>2018</strong> 2017<br />
$'000<br />
$'000<br />
(a) Current<br />
Hotel supplies 237 214<br />
<strong>Property</strong> developments 1<br />
- purchase consideration 50,112 876<br />
- development costs 19,161 7,384<br />
- provision (40,962) -<br />
28,548 8,474<br />
(b) Non-current<br />
<strong>Property</strong> developments 1<br />
- purchase consideration 72,803 117,418<br />
- development costs 3,354 22,783<br />
- provision - (43,722)<br />
76,157 96,479<br />
Total inventory 104,705 104,953<br />
1. Inventories are held at the lower of cost and net realisable value.<br />
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