Annual Report 2013 | Suomeksi |

23 Inventories

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Accounting policies + -
Inventories mainly consist of fuels consumed in the production process or in the rendering of services. Inventories are stated at the lower of cost and net realisable value being the estimated selling price for the end product, less applicable variable selling expenses and other production costs. Cost is determined using the first-in, first-out (FIFO) method.
Inventories which are acquired primarily for the purpose of trading are stated at fair value less selling expenses.
EUR million 2013 2012
Nuclear fuel 109 91
Coal 74 140
Oil 44 46
Biofuels 55 74
Other inventories 93 77
Total 375 428
No write downs have been booked related to inventories during 2013 or 2012.

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