07 » Inventories
Inventories by major classification are as follows:
|
|
Dec. 31, 2021 |
|
Dec. 31, 2020 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Gross value |
|
Allowance for obsolescence |
|
Net value |
|
Gross value |
|
Allowance for obsolescence |
|
Net value |
Merchandise and finished goods on hand |
|
2,596 |
|
(149) |
|
2,446 |
|
3,321 |
|
(171) |
|
3,150 |
Goods in transit |
|
1,556 |
|
– |
|
1,556 |
|
1,239 |
|
– |
|
1,239 |
Raw materials |
|
7 |
|
– |
|
7 |
|
8 |
|
– |
|
8 |
Work in progress |
|
0 |
|
– |
|
0 |
|
0 |
|
– |
|
0 |
Inventories |
|
4,159 |
|
(149) |
|
4,009 |
|
4,568 |
|
(171) |
|
4,397 |
Goods in transit mainly relate to shipments of finished goods and merchandise from suppliers in Asia to subsidiaries in Europe, North America, Asia, and Latin America.