6 Inventories
Inventories of €162 million (€156 million at 31 December 2013) are analysed in the table below:
| Download XLS (23 kB) |
|
31.12.2013 |
30.06.2014 |
|||||
(€ million) |
Gross amount |
Impairment losses |
Net amount |
Gross amount |
Impairment losses |
Net amount |
Change |
Raw materials, consumables and supplies |
102 |
(6) |
96 |
108 |
(6) |
102 |
6 |
Finished products and merchandise |
60 |
|
60 |
60 |
|
60 |
|
|
162 |
(6) |
156 |
168 |
(6) |
162 |
6 |
Inventories of raw materials, consumables and supplies (€102 million) primarily include: (i) natural gas used for transportation activities (€26 million); and (ii) stock materials relating to the pipeline network (€42 million), the distribution network (€13 million) and storage plants (€9 million).
Inventories of finished products and merchandise (€60 million) refer to the natural gas present in the storage system (739 million standard cubic metres) and do not include compulsory inventories, recognised under “Non-current assets” in the statement of financial position.
Inventories are stated net of the provision for impairment losses of €6 million (unchanged from 31 December 2013), set up to account for slow-moving materials. Inventories are not collateralised. Inventories do not secure liabilities, nor are they recognised at net realisation value.