|
(in millions of euros) |
December 31, 2017 |
December 31, 2016 |
December 31, 2015 |
|
Handset inventories |
583 | 594 | 554 |
|
Other products/services sold |
32 | 29 | 26 |
|
Available broadcasting rights |
68 | 45 | 50 |
|
Others supplies |
198 | 205 | 185 |
|
Gross value |
881 | 873 | 815 |
|
Depreciation |
(54) | (54) | (52) |
|
Net book value |
827 | 819 | 763 |
|
(in millions of euros) |
2017 | 2016 | 2015 |
|
Inventories in the opening balance |
819 | 763 | 709 |
|
Business related variations |
14 | 62 | 42 |
|
Changes in the scope of consolidation |
0 | 3 | (1) |
|
Translation adjustment |
(3) | (9) | 1 |
|
Reclassifications and other items |
(4) | (0) | 12 |
|
Reclassification to assets held for sale |
- |
- |
- |
|
Inventories in the closing balance |
827 | 819 | 763 |
|
Network maintenance equipment and equipment intended for sale to customers are measured at the lower of cost or likely realizable value. For equipment intended for sale to customers, this takes into account expected revenues from the sale of subscriptions comprising an equipment sale. The cost corresponds to the purchase or production cost determined by the weighted average cost method. Handset inventories include inventories treated as consignment with distributors when these are qualified, for accounting purposes, as agents in the sales of handsets bought from the Group (55 million euros in 2017, 48 million euros in 2016 and 70 million euros in 2015). Film or sports broadcasting rights are recognized in the statement of financial position when they are available for exhibition and expensed when broadcast. |