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Group |
Company |
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31 March
2021
Rm |
31 March
2021
Rm |
| Inventories |
1 084 |
1 026 |
833 |
779 |
| Gross inventories |
1 244 |
1 180 |
940 |
891 |
| Write-down of inventories to net realisable value |
(160) |
(154) |
(107) |
(112) |
| Inventories consist of the following categories: |
1 244 |
1 180 |
940 |
890 |
| Installation material, maintenance material and network equipment |
541 |
477 |
540 |
476 |
| Merchandise |
703 |
703 |
400 |
414 |
| Write-down of inventories to net realisable value |
160 |
154 |
107 |
112 |
| Opening balance |
154 |
158 |
112 |
124 |
| Charged to selling, general and administrative expenses |
15 |
22 |
15 |
22 |
| Inventories written off |
(9) |
(26) |
(20) |
(34) |
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In line with the Group strategy, the Group's inventory increased in the current financial period due to the accelerated deployment of fibre which required
additional inventory to be purchased.
During the current financial year, R33 million (31 March 2021: R42 million) for Group and R33 million (31 March 2021: R41 million) for Company was
transferred from inventories to property, plant and equipment. The transfers only take place from CWIP.
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