Notes for P&L
Note 16 Inventories
Accounting policy
Inventories are measured at the lower of cost and net realizable value. The cost of inventories is measured by applying the first-in, first-out method (FIFO) and includes expenses arising in conjunction with the purchase of inventory items and transportation to their current location and condition. Net realizable value is defined as sales price less expenses for completion and selling expenses.
Estimates and judgments
Individual judgments regarding the potential to sell products are necessary to determine the net sales value. An impairment loss has been applied with reference to the net realizable value.
| Group | ||
|---|---|---|
| SEK M | 31-Dec-24 | 31-Dec-23 |
| Raw material inventory | 20.3 | 88.3 |
| Goods in progress | 8.8 | 8.6 |
| Finished goods | 18.9 | 36.6 |
| Total | 48.0 | 133.5 |
As a result of the phasing out of the Mobile business, an impairment of inventories of SEK 54.9 million was reported during the year (0.0). The impairment has been reported in the income statement as Write downs.