Annual report 2012

21. Inventories

EUR thousand 2012 2011
Material 6,397 6,335
Products 817 592
Merchandise 15,390 15,850
Advances for inventories 25 10
Total inventories 22,628 22,787

As at 31 December 2012, inventories were restated to their realisable value, whereas impairment of inventories was recognised among other operating expenses. No significant amounts of inventory surplus or deficit were recorded during the annual physical stock count of inventories in 2012.