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Financial statements

NOTE 8

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INVENTORIES

Details of this heading in the balance sheet at 31 December 2019 and 2018 are as follows:

(Amounts in euros)	31/12/2019	31/12/2018
Raw materials and consumables	2.705.479	3.182.484
Commercial supplies	2.025	202.518
Advances to suppliers	202.518	3.256
Provisions / Reversals for impairment losses	-645.437	-602.340
Total	2.116.524	2.835.283

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

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

(Amount in euros)	Balance at 01/01/2019	Allocations	Reversions	Applications	Balance at 31/12/2019
Provisions for impairment losses	-602.340	-131.704	2.055	86.552	-645.437

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