financial statements at 31 december - Ferrovie dello Stato Italiane

14. Inventories and Construction contracts
The item is broken down as follows:
values in €/mil.
31.12.2012 31.12.2011 Changes
Raw and secondary materials, and consumables 1,168 1,157 11
Provision for write-down (225) (230) (5)
Net value 943 927 16
Work in progress and semi-finished goods 5 4 1
Provision for write-down
Net value 5 4 1
Written-off assets to be disposed of 17 16 1
Provision for write-down (10) (14) (4)
Net value 7 2 5
Construction contracts 17 16 1
Provision for write-down (5) 5
Net value 12 16 (4)
Properties and Land held for Trading 1,219 1,071 148
Provision for write-down (302) (311) (9)
Net value 917 760 157
Total Inventories and construction contracts 1,885 1,709 175
Inventories of raw and secondary materials and consumables were made up of stock intended to satisfy the demand from
the plants for material intended for investments, equipment material, electrical and navigation systems and materials
used in the maintenance process.
Properties and land held for trading referred to the real estate assets held by the FS Italiane Group and intended for sale.
The increase of Euro 157 million recorded in the year mainly arose from the reclassification from the item “Property, plant
and equipment”, to which reference is made for the related breakdown, which was offset, for Euro 19 million, by the
decrease originated from the sales made in 2012.
Ferrovie dello Stato Italiane Group 157