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Financial Statements
77
Recognition of inventories
Inventories are recognized by the Company if they belong to it and:
n
there is a high probability to obtain the future economic profit from their usage;
n
their cost can be evaluated with reliability.
Transfer of risks and profits connected with possession of inventories is the basis for inventory items inclusion (writing-
off) in/from inventories.
The cost value of inventories includes all expenses for acquisition, processing and other expenses incurred to deliver in-
ventories to their current location and state.
Balance Value of Inventories (thous. UAH)
annual report
2013
Item
Balance value
as of 31.12.2012
Balance value
as of 31.12.2013
Inventories
1 408 782
1 377 621
Work in progress
3 260 276
3 556 052
Finished products
17 059
298 324
Goods
6 500
7 680
Total
4 692 617
5 239 677