Page 106 - Sundance Resources Ltd Annual Report 2013

104 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Note 12. TRADE AND OTHER RECEIVABLES
2013
$
2012
$
CURRENT
GST/VAT 981,907 798,812
Other receivables 7,851 410,206
989,758 1,209,018
Other receivables are comprised entirely of accrued interest on short-term deposits. These deposits have an
average maturity of 24 days.
Note 13. INVENTORY
CURRENT
Consumables 3,479,093 2,913,476
3,479,093 2,913,476
Inventories are carried at lower of cost and net realisable value. The cost of inventories recognised as an expense
during the period in respect of continuing operations was $nil (2012: $nil). All inventory consumed is capitalised to
mine development or exploration and evaluation expenditure as appropriate.
Inventories are expected to be consumed within 12 months.
Note 14. OTHER CURRENT ASSETS
CURRENT
Prepayments 718,767 630,371
Other current assets 700,481 310,224
1,419,248 940,595