Financial statements of JSW S.A. for 2012

13. Inventories

  31 Dec 2012 31 Dec 2011
Materials 38.5 39.7
Finished products 429 257.4
Merchandise 8.1 -
Total 475.6 297.1

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Revaluation charges for inventories are presented in the table below:

  2012 2011
As at 1 January 2.6 0.7
Charge establishment 24.7 2.5
Utilization of charges - -
Reversal of charges (2.8) (0.6)
As at 31 December 24.5 2.6

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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.