213
6. INVENTORIES
7. FINANCIAL ASSETS HELD FOR TRADING
These are detailed as follows:
Movements in this balance are detailed as follows:
Financial assets held for trading basically refer to units
in funds that mainly invest in short and medium-term
government securities. These assets are mostly held by
subsidiaries in Brazil and Argentina as a result of investing
temporarily available liquidity in such funds.
(
¹
)
Finished products also include goods for resale.
(in millions of Euro)
31 December 2012
31 December 2011
Raw materials
256
291
of which allowance for obsolete and slow-moving raw materials
(29)
(22)
Work in progress and semi-finished goods
231
222
of which allowance for obsolete and slow-moving work in progress and semi-finished goods
(5)
(4)
Finished goods
(1)
410
416
of which allowance for obsolete and slow-moving finished goods
(44)
(44)
Total
897
929
(in millions of Euro)
31 December 2012
31 December 2011
Listed securities (Brazilian Real area)
74
61
Unlisted securities
4
19
Total
78
80
(in millions of Euro)
31 December 2012
31 December 2011
Opening balance
80
66
- Business combinations
-
-
- Currency translation differences
(10)
(6)
- Acquisition of securities
33
42
- Disposal of securities
(25)
(22)
Total movements
(2)
14
Closing balance
78
80
