Note 15 Inventories
|
|
Group December 31, |
Parent Company December 31, | ||
|---|---|---|---|---|
|
|
2012 | 2013 | 2012 | 2013 |
| Raw materials | 2,950 | 3,055 | 30 | 21 |
| Products in progress | 154 | 114 | 1 | 1 |
| Finished products | 9,776 | 8,950 | 30 | 2,168 |
| Advances to suppliers | 83 | 35 | — | — |
| Total | 12,963 | 12,154 | 61 | 2,190 |
The cost of inventories recognized as expense and included in Cost of goods sold amounted to SEK 77,237m (78,183) for the Group.
Provisions for obsolescence are included in the value for inventory. Write-downs amounted to SEK 364m and previous write-downs reversed with SEK 400m for the Group. The amounts have been included in the item Cost of goods sold in the income statement.
StopSearchHereCEO Statement
In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.
Sustainability
Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.
Awards & recognition
Financial Reporting
Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.
