17. Inventories
|
(in millions of euros) |
31 December 2025 |
31 December 2024 |
|
Maintenance materials |
149 |
145 |
|
Projects under construction, unsold |
22 |
23 |
|
Trading goods |
4 |
4 |
|
Total |
175 |
172 |
Inventories of maintenance materials consist of raw materials and materials for the production and maintenance of semi-finished and finished products of the maintenance company.
Provision for obsolete inventories
Changes in the provision for obsolete inventories during the year were as follows:
|
(in millions of euros) |
2025 |
2024 |
|
Balance as at 1 January |
106 |
102 |
|
Additions |
12 |
19 |
|
Consumption |
-9 |
-15 |
|
Release |
-2 |
- |
|
Balance as at 31 December |
107 |
106 |
Accounting policy
Inventories are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses.
The cost of inventories is based on purchase prices or cost prices and includes the expenditure incurred in acquiring the inventories and related purchasing costs. The cost of inventories of finished goods and projects in progress includes a reasonable portion of indirect costs based on normal production capacity.