Inventories

Accounting policies

Inventories are measured at purchase price or cost of manufacture not exceeding the recoverable net value as at the date of valuation.

Financial information

 

INVENTORIES31.12.201731.12.2016
   
Goods for resale190190
Finished goods11029
Construction investments for sale1-55
Materials711
Impairment allowances on inventories(21)(25)
   
Total186260

1 In 2016, the Qualia Group was in the course of an investment project and all respective costs were capitalized in inventories and presented as “Construction investments for sale”. In April 2017, after obtaining a permit for use, the assets were reclassified to “Finished goods” and will be reduced upon transferring the premises for use.