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financial statements 2011
39
19. Inventories
eur 1000
2011
2010
Materials and supplies
790
996
Unfinished products
1 266
1 629
Finished products/goods
2 220
2 137
Total
4 276
4 761
As expenses of EUR 229,000 were recognized for the financial year, the carrying amount of inventories was
reduced to correspond with their net realizable value (EUR 514,000 in 2010).
20. Non-current projects and recognizing income as profit,
and expenses as expenditures based on degree of completion
When realized expenses and recognized gains exceed the amount billed from the customer, the gross receivables
are included in Note 21 under ”Accrued non-invoiced income”. Advances received for work that has not yet been
started or the share already billed for long-term projects which exceeds the amount of expenses and profit are
included in Note 27 under ”Non-accrued invoiced income”.
For unfinished long-term projects, realized expenses and profit (excluding loss) and advances received for unfinis-
hed long-term project were recognized as follows:
Accrued non-invoiced income
Note 21
2011
2010
eur 1000
Income / assignment expense
1 261
1 904
Partly invoiced amount
-169
-460
Total
1 092
1 444
Accrued non-invoiced income
Note 27
2011
2010
eur 1000
Income / assignment expense
-610
-773
Partly invoiced amount
2 814
2 136
Total
2 205
1 363