62 2022 ANNUAL REPORT 9 INVENTORIES CONSOLIDATED 30 June 2022 30 June 2021 $’000 $’000 Stores, spares and consumables at cost 12,641 8,722 Provision for slow-moving stores, spares and consumables (a) (5,382) (683) 7,259 8,039 Run of mine stockpiles at net realisable value (2021: net realisable value) (b) 22,245 6,064 Gold in circuit at net realisable value (2021: net realisable value) (b) 9,816 11,886 Crushed ore stockpile at net realisable value(b) (2021: at cost) 1,943 451 Gold Bullion at cost 152 132 41,415 26,572 (a) During the year the provision for slow-moving stores, spares and consumables inventory at the Darlot mine was increased to $5.382 million (30 June 2021: $0.683 million). (b) Net realisable value adjustments of $5.881 million were made during the year (30 June 2021: $3.243 million). In addition a write-down adjustment to gold in circuit of $7.934 million relating to the Darlot process plant being placed in care and maintenance in July 2022 was made. Stores, spares and consumables represent materials and supplies consumed in the production process. All stocks have been calculated as the lower of cost and net realisable value, representing the estimated selling price in the ordinary course of business less any further costs expected to be incurred in respect of such disposal. 10 PROPERTY, PLANT AND EQUIPMENT Land and buildings Plant and equipment Fixtures and fittings Right of use assets Assets under construction Total $’000 $’000 $’000 $’000 $’000 $’000 Cost Balance at 1 July 2021 10,648 48,902 369 27,156 102,281 189,356 Additions (a) 24,315 70,859 302 99,473 3,595 198,544 Disposals - - - - - - Transfer from assets under construction 207 96,214 6 10 (99,300) (2,863) Balance at 30 June 2022 35,170 215,975 677 126,639 6,575 385,037 Cost Balance at 1 July 2020 13,264 138,487 2,014 21,080 7,206 182,051 Additions (a) 436 2,025 29 6,224 97,765 106,479 Disposals (b) - (727) - (72) - (799) Transfer from assets under construction 13 1,867 78 - (1,958) - Transfer to assets held for sale (3,065) (92,750) (1,752) (76) (732) (98,375) Balance at 30 June 2021 10,648 48,902 369 27,156 102,281 189,356 Notes to the CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2022 (cont.)
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