GROUP FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – for the year ended 30 June 2014

    2014  
Rm  
2013  
Rm  

15.  

Inventories  

   
  Mining metal      
  Refined metal   1 300   2 301  
  Main products – at cost   941   1 394  
  Main products – at net realisable value   286   814  
  By-products – at net realisable value   73   93  
  In-process metal   1 728   2 294  
  At cost   1 270   1 480  
  At net realisable value   458   814  
  Non-mining metal      
  Refined metal   1 160   1 086  
  At cost   1 134   886  
  At net realisable value   26   200  
  In-process metal   2 291   2 154  
  At cost   2 291   1 526  
  At net realisable value   –   628  
  Total metal inventories   6 479   7 835  
  Stores and materials inventories   733   621  
    7 212   8 456  
  Refined metal  
  Refined main products at a cost of R361 (June 2013: R1 346) million were written down by R49 (June 2013: R332) million to net realisable value of R312 (June 2013: R1 014) million.  
  Included in refined metal is metal on lease to third parties of 36 000 (June 2013: 36 000) ounces ruthenium.  
  In-process metal  
  Changes in engineering estimates resulted in a reduction of R806 million.   
  After this adjustment, in-process metal of main products at a cost of R544 (June 2013: R1 888) million were written down by R86 (June 2013: R446) million to net realisable value amounting to R458 (June 2013: R1 442) million.