Consolidated financial statement of JSW S.A. Capital Group for 2012
12. Inventories
| |
31 Dec 2012 |
31 Dec 2011 |
| Materials |
105.8 |
147.8 |
| Production in progress |
3.7 |
0.9 |
| Finished products |
681.9 |
551.6 |
| Merchandise |
14.7 |
39.4 |
| Total |
806.1 |
739.7 |
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Revaluation charges for inventories are presented in the table below:
| |
2012 |
2011 |
| As at 1 January |
13.4 |
12.5 |
| Charge establishment |
47.7 |
9 |
| Utilization of charges |
(5.8) |
(1.7) |
| Reversal of charges |
(3.9) |
(12.3) |
| Acquisition of subsidiaries |
- |
5.9 |
| As at 31 December |
51.4 |
13.4 |
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The establishment and reversal of impairment charge amounts for inventories was recognized in the cost of products, materials and merchandise sold.
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