177 ANNUAL REPORT 2023 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 10. INVENTORIES Group 2023 2022 $’000 $’000 Balance sheet: Spare parts 5,682 6,992 Trading goods 63,802 43,912 Inventories in transit 1,280 1,121 Total inventories at lower of cost and net realisable value 70,764 52,025 Income statement: Inventories recognised as an expense in profit or loss - Inventories recognised as an expense in cost of sales 346,899 283,219 - (Writeback of allowance)/allowance for stock obsolescence made during the year, net (373) 670 11. TRADE AND OTHER RECEIVABLES Group Company 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Current: Trade receivables 110,309 101,963 827 631 Other receivables 10,613 4,703 16 131 Accrued sales 29,734 29,051 − − Refundable deposits 2,072 2,170 185 142 Staff advances 129 22 − − GST receivables 156 164 − 11 Total trade and other receivables 153,013 138,073 1,028 915 Add: Amounts due from subsidiaries (Note 5) − − 120,258 169,803 Cash and bank balances (Note 12) 39,426 34,211 3,321 1,115 Finance lease receivables (Note 24) 389 600 − − Less: GST receivables (156) (164) − (11) Total financial assets carried at amortised cost 192,672 172,720 124,607 171,822
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