| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 11 |
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2014
R’000 |
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2013
R’000 |
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| 11. |
INVENTORIES |
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Finished goods – airtime and related products |
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1 306 206 |
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1 858 511 |
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1 306 206 |
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1 858 511 |
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Inventory impairments of R0.4 million (2013: R1.5 million) have been charged to the statement of comprehensive income and are included in other expenses. |
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Inventories with a cost of R18.1 billion (2013: R17.7 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. |
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A general notarial bond is held by Investec Bank Limited over airtime up to R900 million (2013: R900 million). |
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| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 11 |
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