10. INVENTORIES
Inventory and spare parts comprised the following:
|
|
|
December 31, |
|
December 31, |
|
||
|
Handsets and accessories |
|
|
7,836 |
|
|
11,597 |
|
|
SIM cards and prepaid phone cards |
|
|
784 |
|
|
1,165 |
|
|
Advertising and other materials |
|
|
561 |
|
|
280 |
|
|
TV equipment for resale |
|
|
350 |
|
|
320 |
|
|
Software and equipment for installation and resale |
|
|
309 |
|
|
703 |
|
|
Spare parts for telecommunication equipment |
|
|
155 |
|
|
265 |
|
|
|
|
|
|
|
|
|
|
|
Total inventory and spare parts |
|
|
9,995 |
|
|
14,330 |
|
|
|
|
|
|
|
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|
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Other materials mainly consist of automotive and IT components, advertising, stationery, fuel and auxiliary materials.
Spare parts for telecommunication equipment included in inventory are expected to be utilized within twelve months of the year end.
Expenses for inventory obsolescence provision were included in cost of goods in the consolidated statement of profit or loss.
For the years ended December 31, 2017, 2016 and 2015, cost of goods comprised the following expenses:
|
|
|
Year ended |
|
Year ended |
|
Year ended |
|
|||
|
Amount of inventories recognized as an expense |
|
|
43,440 |
|
|
44,026 |
|
|
36,568 |
|
|
Inventory obsolescence provision |
|
|
2,692 |
|
|
2,159 |
|
|
865 |
|
|
Reversal of obsolescence provision |
|
|
(509 |
) |
|
(611 |
) |
|
(878 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cost of goods |
|
|
45,623 |
|
|
45,574 |
|
|
36,555 |
|
|
|
|
|
|
|
|
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The reversal of the inventory obsolescence provision relates to handsets and accessories sold in the course of the Group's promotion campaigns. Inventories have been sold with positive margin.