Telstra 2012 Annual Report Download - page 140
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Telstra Corporation Limited and controlled entities
110
Notes to the Financial Statements (continued)
11. Inventories
Telstra Group
As at 30 June
2012 2011
$m $m
Current
Finished goods recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144 169
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 48
Total finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204 217
Raw materials and stores recorded at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 915
Construction contracts (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 51
260 283
Non current
Finished goods recorded at net realisable value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 22
24 22
(a) Construction contract disclosures are shown as follows:
Contract costs incurred and recognised profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 478 353
Progress billings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (432) (302)
46 51