Telstra 2013 Annual Report Download - page 110
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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
108 Telstra Annual Report 2013 Telstra Corporation Limited and controlled entities
11. INVENTORIES
Telstra Group
As at 30 June
2013 2012
$m $m
Current
Finished goods recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 276 144
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 60
Total finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 340 204
Raw materials and stores recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 9
Construction contracts (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 47
431 260
Non current
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 24
27 24
(a) Construction contract disclosures are shown as follows
Contract costs incurred and recognised profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 592 479
Progress billings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (512) (432)
80 47