NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 11

    2015
R’000
      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).

           

NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 11