Financial statements

NOTE 8



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