G17 Inventories
|
2023 |
2024 |
|---|---|---|
Raw materials and consumables |
7,345 |
6,671 |
Work in progress |
5,475 |
4,894 |
Finished goods |
21,481 |
23,261 |
Total |
34,301 |
34,827 |
Cost of goods and services sold includes write-down of inventories of SEK –1,235 million (–841) and reversal of write-down of inventories of SEK 724 million (638).
§ Accounting principles
Inventories are stated at the lowest end of cost and net realizable value, with due consideration of obsolescence.
Cost is either based on the first-in/first-out (FIFO) principle and includes expenditure incurred in acquiring the inventories and bringing them to their existing location and condition, or the weighted average cost formula. All inventories having a similar nature are valued with the same formula. In the case of manufactured inventories and work in progress, cost includes an appropriate share of overheads based on normal operating capacity.