Vetoquinol Universal Registration Document 2019

Vetoquinol  Universal Registration Document 2019  Financial report   87 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 6 6.5.25 Inventories Inventories are stated at the lower of cost and net rea- lizable value. Cost is determined using the weighted average unit cost method. The cost of work in progress and finished goods held in inventories includes raw materials, direct labor and an appropriate portion of variable and fixed production costs, the latter being allocated on the basis of standard operating capacity. Net realizable value is the estimated selling price in the ordinary course of business less costs of completion and costs to sell, and also the prospects for future consump- tion given the expiry dates of products. 6.5.25.1 Analysis of inventories by type €000 Dec 31, 2019 Dec 31, 2018 Gross value Impairment Net book value Gross value Impairment Net book value Raw materials & consumables 22,509 (822) 21,687 21,053 (276) 20,777 Other supplies - - - - - - Work in progress 11,811 (664) 11,147 13,064 (646) 12,419 Semi-finished and finished goods 26,708 (1,406) 25,303 25,172 (1,121) 24,051 Goods purchased for resale 19,339 (122) 19,217 19,940 (31) 19,910 TOTAL 80,367 (3,013) 77,354 79,230 (2,074) 77,156 6.5.25.2 Analysis of inventory impairment €000 Dec 31, 2017 Additions Reclassifications Write-backs Currency differences Dec 31, 2018 Raw materials & consumables 344 441 (6) (497) (6) 276 Work in progress 474 708 - (535) (1) 646 Semi-finished and finished goods 552 1,273 29 (713) (20) 1,121 Goods purchased for resale 185 29 (5) (177) (1) 31 TOTAL 1,555 2,451 18 (1,923) (28) 2,074 €000 Dec 31, 2018 Additions Reclassifications Write-backs Currency differences Dec 31, 2019 Raw materials & consumables 276 788 - (243) 1 822 Work in progress 646 689 - (672) 1 664 Semi-finished and finished goods 1,121 1,880 - (1,656) 60 1,406 Goods purchased for resale 31 110 - (19) - 122 TOTAL 2,074 3,468 - (2,589) 61 3,013