Annual Report 2014 | Suomeksi |

23 Inventories

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Accounting policies + -
Inventories mainly consist of fuels consumed in the production process or in the rendering of services. Inventories are stated at the lower of cost and net realisable value being the estimated selling price for the end product, less applicable variable selling expenses and other production costs. Cost is determined using the first‑in, first‑out (FIFO) method.
Inventories which are acquired primarily for the purpose of trading are stated at fair value less selling expenses.
EUR million 2014 2013
Nuclear fuel 105 109
Coal 77 66
Oil 12 15
Biofuels 1 2
Other inventories 61 71
Total 256 264
No write downs have been booked related to inventories during 2014 or 2013.

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