144
Trade payables
Trade payables are initially measured at fair value, and
are subsequently measured at amortised cost, using the
effective interest rate method.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and
demand deposits, and other short-term highly liquid in-
vestments that are readily convertible to a known amount
of cash and are subject to an insignificant risk of changes
in value. These are initially and subsequently recorded at
fair value.
1.6 Leases
A lease is classified as a finance lease if it transfers sub-
stantially all the risks and rewards incidental to owner-
ship. A lease is classified as an operating lease if
it does not transfer substantially all the risks and rewards
incidental to ownership.
Operating leases – lessee
Operating lease payments are recognised as an expense
on a straight-line basis over the lease term. The differ-
ence between the amounts recognised as an expense
and the contractual payments are recognised as an
operating lease asset. This asset is not discounted.
Any contingent rents are expensed in the period they
are incurred.
1.7 Inventory
Inventories are measured at the lower of cost and net
realisable value.
Net realisable value is the estimated selling price in the
ordinary course of business, less the estimated costs of
completion and the estimated costs necessary to make
the sale.
The cost of inventories comprises of all costs of pur-
chase, costs of conversion and other costs incurred in
bringing the inventories to their present location and
condition.
The cost of inventories is assigned using the weighted
average cost formula. The same cost formula is used for
all inventories having a similar nature and use to
the entity.
When inventories are sold, the carrying amounts of those
inventories are recognised as an expense in the period in
which the related revenue is recognised. The amount of
Handelskrediteure
Handelskrediteure word aanvanklik teen billike waarde
en daarna teen geamortiseerde koste bereken deur die
effektiewe rentekoersmetode te gebruik.
Kontant en kontantekwivalente
Kontant en kontantekwivalente bestaan uit kontant
voorhande en aanvraagdeposito’s en ander hoogs
likiede korttermynbeleggings wat geredelik in ‘n bekende
kontantbedrag omskepbaar is en aan nietige risiko’s ten
opsigte van waardeverandering onderhewig is. Dit word
aanvanklik en daarna teen billike waarde aangeteken.
1.6 Hure
‘n Huurkontrak word as bruikhuur geklassifiseer indien
dit in wese al die risiko’s en voordele verbonde aan eie-
naarskap oordra. ‘n Huurkontrak word as ‘n bedryfshuur
geklassifiseer indien dit nie in wese al die risiko’s en
voordele verbonde aan eienaarskap oordra nie.
Bedryfshure – huurder
Bedryfshuurbetalings word op ‘n reguitlyngrondslag oor
die huurtermyn as ‘n uitgawe erken. Die verskil tussen
die bedrae wat as ‘n uitgawe erken word en die kontrak-
tuele betalings word as ‘n bedryfshuurbate erken. Die
aanspreeklikheid word nie verdiskonteer nie.
Enige voorwaardelike huur word erken in die tydperk
waarin dit aangegaan word.
1.7 Voorraad
Voorraad word teen kosprys of die netto realiseerbare
waarde, welke een ook al die laagste is, gemeet.
Die netto realiseerbare waarde is die beraamde
verkoopsprys in die gewone gang van die besigheid
minus die beraamde koste van afhandeling en die be-
raamde koste wat nodig is om die verkoop te doen.
Die koste van voorraad bestaan uit alle verkrygingskoste,
omskeppingskoste en enige ander koste wat aangegaan
word om die voorraad te bring tot waar dit is en in die
toestand waarin dit is.
Die voorraadkoste word toegeken deur die geweegde
gemiddelde kosteformule te gebruik. Dieselfde kostefor-
mule word gebruik vir alle voorraad met ‘n soortgelyke
aard en gebruik vir die entiteit.
Wanneer voorraad verkoop word, word die drabedrag
van die voorraad as ‘n uitgawe erken in die tydperk
waarin die verwante inkomste erken word. Die bedrag
AANTEKENINGE TOT DIE GEKON-
SOLIDEERDE FINANSIELE STATE
vir die jaar geëindig 30 September 2013
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
for the year ended 30 September 2013
1...,136,137,138,139,140,141,142,143,144,145 147,148,149,150,151,152,153,154,155,156,...168