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
| INVENTORIES | 31.12.2017 | 31.12.2016 |
|---|---|---|
| Goods for resale | 190 | 190 |
| Finished goods1 | 10 | 29 |
| Construction investments for sale1 | - | 55 |
| Materials | 7 | 11 |
| Impairment allowances on inventories | (21) | (25) |
| Total | 186 | 260 |
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.