6 The following terms are used in this Standard with the meanings specified:

"Inventories" are assets:(a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or(c) in the form of materials or supplies to be consumed in the production process or in the rendering of services

"Net realisable value" is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

"Fair value" is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See IFRS 13 Fair Value Measurement.)