Telstra 2007 Annual Report Download - page 159
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Telstra Corporation Limited and controlled entities
156
Notes to the Financial Statements (continued)
.
12. Inventories
Telstra Group Telstra Entity
As at 30 June As at 30 June
2007 2006 2007 2006
$m $m $m $m
Current
Finished goods recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 123 125 91
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . 133 79 116 67
Total finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 288 202 241 158
Raw materials and stores recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 15 20 10
Construction contracts (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 713 7
332 224 274 175
Non current
Finished goods recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6545
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . 11 15 13 15
17 20 17 20
(a) Construction contract disclosures are shown as follows:
Contract costs incurred and recognised profits . . . . . . . . . . . . . . . . . . . . . . . . . 96 108 96 108
Progress billings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (83) (101) (83) (101)
13 713 7
Advances received for construction work in progress (included in trade and ot her
payables) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -7-7