85 / 132
(a) Inventories
(b) Properties held for sale
Consolidated
2017
$’000
2016
$’000
Current assets
Raw materials - at cost
29,532
29,094
29,532
29,094
Consolidated
2017
$’000
2016
$’000
Current assets
Properties held for sale
2,776
-
2,776
-
Accounting Policy
Inventories
Inventories are valued at lower of cost and net realisable value. Cost is assigned on a first in first out
basis.
All properties held for sale are expected to be sold within the next 12 months. Gain or losses on the sale
of the assets are recognised in the consolidated income statement under profit/(loss) on sale of assets.
83
NOTE 7
NON-FINANCIAL ASSETS AND LIABILITIES