153 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
151
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
2014
R’000
11.
INVENTORIES
Finished goods – airtime and related products
1 433 104
1 306 206
1 433 104
1 306 206
Inventory impairments of Rnil (2014: R0.4 million) have been
charged to the statement of comprehensive income and are
included in other expenses.
Inventories with a cost of R20.4 billion (2014: R18.1 billion)
were sold during the year and have been charged to the
statement of comprehensive income and are included in
changes of inventories of finished goods.
A general notarial bond is held by Investec Bank Limited over
airtime up to R1.5 billion (2014: R1 billion).
12.
CASH AND CASH EQUIVALENTS
Cash at bank
788 283
1 184 064
Cash on hand
128
67
788 411
1 184 131
Guarantees to the value of R131 million (2014: R104 million) are issued by the Group’s bankers in
favour of suppliers on behalf of the Group.
Included in this balance is restricted cash of R2.3 million (2014: R9.8 million).
2015
R’000