Labels:text | screenshot | font OCR: Participating interests Participating interests are stated at cost and are written down only if there is a permanent diminution in value. Compensation for use of capital is brought to account on accrual. Inventories Inventories are stated at the lower of cost, determined on a weighted average basis, and estimated net realisable value. Inventories are written down with regard to their age, condition and utility. In the case of self-manufactured products, cost includes all direct expenditure. Local Telkom stock Telkom loan stock is stated at nominal value less unamortised discounts. Discounts arising on the issue of Telkom loan stock are amortised over the period of the debt, using the yield-to-maturity basis.
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