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Note 16 • Inventories

Carrying amount

€’000

2010

2009

Raw materials

19,746

16,829

Work in progress

202

219

Finished goods

268,616

195,222

Other inventories

41,194

31,534

Inventory reserves

(43,408)

(22,495)

Total inventory

286,350

221,309

During 2010 the Group wrote down €22.5 million (€11.2 million) inventory mainly due to obsolescence which is included in cost of sales expenses.

The carrying amount of inventories carried at fair value less cost to sell was €24.5 million (€27.6 million).

The impact of the Impairment Iran on the respective consolidated financial statements position is disclosed in note 29.



Financial Note 16 • Inventories | Oriflame Annual Report 2010
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