G18 Inventories
|
2022 |
2023 |
|---|---|---|
Raw materials and consumables |
7,952 |
7,345 |
Work in progress |
5,906 |
5,475 |
Finished goods |
21,161 |
21,481 |
Total |
35,019 |
34,301 |
Cost of goods and services sold includes impairment of inventories of SEK 205 million (660).
§ 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.