Notes to the consolidated annual financial statements

for the year ended 30 September

		2008	2007	2006
		Rm	Rm	Rm
9.	Inventories
	Raw materials and components		116	318
	Work in progress	291	321	311
	Finished goods	3 939	2 740	3 266
	Merchandise	3 219	2 647	1 890
	Consumable stores	26	17	112
	Other inventories	20	28	10
	Total inventories	7 495	5 869	5 907
	Per business segment:
	Continuing operations
	– Equipment	4 955	3 184	2 111
	– Automotive	1 870	1 711	1 449
	– Handling	769	602	1 140
	– Logistics	7	5	4
	– Corporate and other	11	5	6
	Total continuing operations	7 612	5 507	4 710
	Discontinued operations
	– Car rental – Scandinavia			3
	– Cement			224
	– Coatings		362	498
	– Scientific		231	472
	– Steel tube			330
	Total discontinued operations		593	1 527
	Total group	7 612	6 100	6 237
	Amounts classified as held for sale	(117)	(231)	(330)
	Total per balance sheet	7 495	5 869	5 907
	The value of inventories has been determined on the following bases:
	First-in first-out and specific identification	7 081	5 394	5 206
	Weighted average	414	475	701
		7 495	5 869	5 907
	Inventory pledged as security for liabilities	170	29	86
	The secured liabilities are included under trade and other
	payables (note 18)
	Amount of write down of inventory to net realisable value
	and losses of inventory	13	5	12
	Amount of reversals of inventory previously written down	5	1	2
	Amounts removed during the year from cash flow hedge
	reserve and included in the initial cost of inventory	(2)	2	(32)