note 8. inventories
|Stores and spares (at cost)||17.9||12.8|
|Stockpiles (at cost) ||8.4||2.3|
|Work-in-progress (at cost)||4.7||4|
|Finished goods (at cost)||58.4||38.6|
|Finished goods (at net realisable value)*||19.9||-|
|Third party uranium purchased: Finished goods (at net realisable value)||(b)||-||28.1|
|Total current inventories at the lower of cost and net realisable value||109.3||85.8|
* Inventory transferred out of mine development at net realisable value
(a) Inventory expense
Inventories sold recognised as an expense for the year ended 30 June 2010 totalled US$153.3M (2009: US$66.4M) for the Group. Impairment of inventories included in the cost of sales for the Consolidated Entity is US$Nil (2009:US$Nil).
(b) Inventory expense
During 2009, the uranium held by Paladin Nuclear Ltd, the Company’s marketing entity, was reduced to net realisable value resulting in an impairment loss of US$3.7M for the year.
|Stockpiles (at cost)||(c)||40.8||24.9|
|Total non current inventories at the lower of cost|
and net realisable value
(c) Stockpiles at LHM that are unlikely to be processed within 12 months of the Balance Sheet date.