note 8. inventories
| Current | | | |
| 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
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(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.
| Non Current | | | |
| Stockpiles (at cost) | (c) | 40.8 | 24.9 |
Total non current inventories at the lower of cost
and net realisable value | | 40.8 | 24.9 |
(c) Stockpiles at LHM that are unlikely to be processed within 12 months of the Balance Sheet date.
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