This Statement should be applied in accounting for inventories other than:
a. work in progress arising under construction contracts, including directly related service contracts
b. work in progress arising in the ordinary course of business of service providers;
c. shares, debentures and other financial instruments held as stock-in-trade; and
d. producersâ€™ inventories of livestock, agricultural and forest products, and mineral oils, ores and gases to the extent that they are measured at net realisable value in accordance with well established practices in those industries.