C13 Inventories
Inventories
| 2017 | 2016 | |||||||
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Raw materials, components, consumables and manufacturing work in progress |
4,015 | 5,043 | ||||||
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Finished products and goods for resale |
8,864 | 12,183 | ||||||
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Contract work in progress |
12,081 | 13,081 | ||||||
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Inventories, net |
24,960 | 30,307 | ||||||
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The amount of inventories, excluding contract work in progress, recognized as expense and included in Cost of sales was SEK 58,901 (63,386) million.
Contract work in progress includes amounts related to delivery-type contracts and service contracts with ongoing work in progress.
Reported amounts are net of obsolescence allowances of SEK 2,425 (2,412) million.
Movements in obsolescence allowances
| 2017 | 2016 | 2015 | ||||||||||
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Opening balance |
2,412 | 2,555 | 2,326 | |||||||||
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Additions, net |
1,319 | 725 | 1,480 | |||||||||
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Utilization |
–1,210 | –981 | –1,295 | |||||||||
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Translation difference |
–91 | 113 | 44 | |||||||||
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Balances regarding acquired/divested businesses |
–5 | — | — | |||||||||
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Closing balance |
2,425 | 2,412 | 2,555 | |||||||||
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