NOTES TO THE FINANCIAL STATEMENTS l Note 19

Company
Group
 
2020
Rm
2019
Rm
2020
Rm
2019
Rm
 
19.   INVENTORIES  
    Raw materials and packaging   197 177
    Semi-finished goods   5 4
    Finished goods and merchandise   694 677
      896 857
    Inventory at year end is net of an obsolescence provision of R82 million (2019: R89 million), which is determined on an annual basis.  
    The provision takes into account expected future sales ability of inventory items based on historical experience, analysis of market and fashion trends and a review of the ageing of the inventory items.  
    Inventory losses recognised as an expense totalled R10 million (2019: R8 million). This expense is included in the operating expense line item on the face of the statement of comprehensive income.  


NOTES TO THE FINANCIAL STATEMENTS l Note 19