22 Inventories

EUR 1,000 31 Dec 2014 31 Dec 2013
Materials and supplies 39,135 38,304
Building plots and real estate 118,223 126,362
Housing under construction 167,688 171,350
Commercial property under construction 7,929 11,072
Other work in progress 27,719 33,496
Advance payments 18,704 13,985
Completed apartments 96,007 55,393
Completed commercial property 21,078 21,588
Products and goods 27,505 32,834
523,987 504,385



Collateral notes for uncompleted properties included in inventories are used as collateral security for the debts of companies included in inventories to the value of EUR 128.6 million (EUR 119.3 mill.).

In 2014, the company recognised EUR 8.3 million (EUR 19.3 mill.) non-sales related write-downs of inventory as expense, of which EUR 4.1 million was related to Building construction, Finland –operating segment’s activated project development costs, EUR 3.0 million to an own developed housing project in Russia and EUR 1.1 million to Infrastructure construction segment’s mineral aggregate reserves in Finland.


 
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