| NOTES TO THE FINANCIAL STATEMENTS l Note 19 |
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Company |
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Group |
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2020
Rm |
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2019
Rm |
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2020
Rm |
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2019
Rm |
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19. |
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INVENTORIES |
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Raw materials and packaging |
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197 |
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177 |
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Semi-finished goods |
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5 |
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4 |
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Finished goods and merchandise |
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694 |
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677 |
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896 |
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857 |
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Inventory at year end is net of an obsolescence provision of R82 million (2019: R89 million), which is determined on an annual basis. |
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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. |
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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. |
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| NOTES TO THE FINANCIAL STATEMENTS l Note 19 |
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