Financial statements

NOTE 8



INVENTORIES

Details of this heading in the balance sheet at 31 December 2018 are as follows:

(Amounts in euros) 31/12/2018 31/12/2017
Raw materials and consumables 3.182.483,82 3.314.399
Commercial supplies 52.621 64.420
Advances to suppliers 202.518 3.256
Provisions / Reversals for impairment losses -602.340 -547.707
Total 2.835.283 2.834.369

The Company made a provision for impairment losses in respect of obsolescent items of inventory.

The movements in impairment provisions during the year were as follows:

(Amount in euros) Balance at 01/01/2018 Allocations Reversions Applications Balance at 31/12/2018
Provisions for impairment losses -547.707 -263.289 48.014 160.642 -602.340