G17 Inventories
|
2024 |
2025 |
|---|---|---|
Raw materials and consumables |
6,671 |
6,936 |
Work in progress |
4,894 |
4,717 |
Finished goods |
23,261 |
21,566 |
Total |
34,827 |
33,219 |
Cost of goods and services sold includes write-down of inventories of SEK –1,988 million (–1,235) and reversal of write-down of inventories of SEK 1,683 million (724).
§ 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.