Notes to the Consolidated Financial Statements (continued)
For the year ended 30 June 2004
ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RAND
2004
2003
6.
INVENTORIES
At cost:
Raw materials
220,4
194,5
Work-in-progress
53,0
86,9
Finished goods and manufactured components
124,0
187,2
Consumable stores
65,9
67,9
Property
26,3
60,7
Property reallocated to headlease investment properties
(21,2)
489,6
576,0
Inventories with a carrying value of R1,9 million (2003: R2,1 million) have been pledged as
security over long-term loans.
7.
CONTRACTS IN PROGRESS AND CONTRACT RECEIVABLES
Costs incurred plus recognised profits, less recognised losses on contracts in progress at year-end
326,0
323,3
Amounts receivable on contracts
550,6
567,7
876,6
891,0
Advances received in excess of work completed
(114,7)
(132,0)
Net amounts receivable from contracts
761,9
759,0
Retentions receivable
166,2
128,9
928,1
887,9
8.
ACCOUNTS RECEIVABLE
Trade receivables
836,3
885,0
Provision for doubtful debts
(23,8)
(47,8)
Other receivables
332,3
365,9
1 144,8
1 203,1
9.
SHARE CAPITAL AND PREMIUM
Authorised
500 000 000 ordinary shares of 10 cents each
(2003: 500 000 000 of 10 cents each)
50,0
50,0
Issued and fully paid
331 892 619 ordinary shares of 10 cents each
(2003: 331 892 619 of 10 cents each)
33,2
33,2
Less: Treasury shares held by the Murray & Roberts Trust
(1,4)
(1,4)
Net share capital
31,8
31,8
Share premium
1 639,6
1 639,6
Less: Treasury shares held by the Murray & Roberts Trust at net cost
(226,3)
(182,9)
Net share premium
1 413,3
1 456,7
1 445,1
1 488,5
