2005

2004

6. INVENTORIES Raw materials

181,0

220,4

Work-in-progress

70,7

53,0

Finished goods and manufactured components

174,9

124,0

Consumable stores

114,7

65,9

Property

12,9

26,3

554,2

489,6

Inventories with a carrying value of R1,7 million (2004: R1,9 million) have been pledged as security over long-term loans. (Refer note 11 Secured liabilities) 7. CONTRACTS-IN-PROGRESS AND CONTRACT RECEIVABLES Costs incurred plus recognised profits, less recognised losses on contracts-in-progress at year-end

447,9

326,0

Amounts receivable on contracts

758,1

550,6

1 206,0

876,6

Advances received in excess of work completed

(304,3)

(114,7)

Net amounts receivable from contracts

901,7

761,9

Retentions receivable

223,3

166,2

1 125,0

928,1

8. TRADE AND OTHER RECEIVABLES Trade receivables

824,6

836,3

Provision for doubtful debts

(44,2)

(23,8)

Other receivables

265,8

264,9

1 046,2

1 077,4

Details in respect of the Group’s credit risk management policies are set out in note 31. 9. DERIVATIVE FINANCIAL INSTRUMENTS Assets Forward foreign exchange contracts

33,6

67,0

Interest rate swap

0,2

0,4

33,8

67,4

Liabilities Forward foreign exchange contracts

4,0

11,1

Interest rate swap

3,6

6,1

7,6

17,2

Details in respect of the derivative financial instruments and the Group’s financial risk management policies are set out in note 31. All monetary amounts are expressed in millions of rand