Sports watches manufactured: Inventories as at 30 June: Note 1 Work in progress of Timely (Pty) Ltd has not been finalised for the June 2023 financial year-end. The production records indicate that 30% of the current year's allocated production expenditure and materials used relate to sports watches that were still under production at the year-end. The demand for the latest watches is very high, and all manufactured watches are sold immediately once produced. Therefore, there are no manufactured watches finished goods on hand at year end. There were no raw material spillages during the year. Timely (Pty) Ltd values raw materials, work in progress and finished goods on a firstin-out basis (FIFO). Sports watches distributed to outlets for resale: New and second-hand sports watches are distributed to outlets for resale. The information below relates to watches that have been traded in and are now distributed to outlets for resale: Sports watches manufactured: Inventories as at 30 June: Note 1 Work in progress of Timely (Pty) Ltd has not been finalised for the June 2023 financial year-end. The production records indicate that 30% of the current year's allocated production expenditure and materials used relate to sports watches that were still under production at the year-end. The demand for the latest watches is very high, and all manufactured watches are sold immediately once produced. Therefore, there are no manufactured watches finished goods on hand at year end. There were no raw material spillages during the year. Timely (Pty) Ltd values raw materials, work in progress and finished goods on a firstin-out basis (FIFO). Sports watches distributed to outlets for resale: New and second-hand sports watches are distributed to outlets for resale. The information below relates to watches that have been traded in and are now distributed to outlets for resale