Telstra 2008 Annual Report Download - page 144
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Telstra Corporation Limited and controlled entities
141
Notes to the Financial Statements (continued)
.
The majority of construction contract inventories relate to un-billed
work in progress costs for projects associated with Radio and
Managed Industrial Networks.
11. Inventories
Telstra Group Telstra Entity
As at 30 June As at 30 June
2008 2007 2008 2007
$m $m $m $m
Current
Finished goods recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171 155 147 125
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . 104 133 93 116
Total finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275 288 240 241
Raw materials and stores recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 17 57
Construction contracts (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 13 19 13
309 318 264 261
Non current
Finished goods recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -6-4
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . 12 11 12 13
12 17 12 17
(a) Construction contract disclosures are shown as follows:
Contract costs incurred and recognised profits . . . . . . . . . . . . . . . . . . . . . . . . . 135 96 135 96
Progress billings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (116) (83) (116) (83)
19 13 19 13