Annual Report 2016
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  • Business and strategy
    • Our business model
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    • Group performance
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  • Governance
    • Report from the Supervisory Board
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    • Remuneration report
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    • Annual General Meeting
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  • Financial Statements
    • Consolidated Financial Statements
    • Notes to the Consolidated Financial Statements
    • Parent Company Financial Statements
    • Notes to the Parent Company Financial Statements
    • Other information
    • Subsequent events
  • Other information
    • Independent Auditor’s Report
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Annual Report 2016
  • Annual Report 2016
  • GrandVision at a glance
  • Our year
  • EYE CARE, WE CARE MORE
  • Our market
  • Our customer journey
  • Our people
  • Key performance indicators
  • Bringing our customer promise to life through the supply chain
  • Business and strategy
    • Our business model
    • Business environment
    • Strategy and objectives
    • GrandVision's people
    • Corporate Social Responsibility
  • Performance
    • Group performance
    • Financial review
    • Financial position
    • Segment performance
  • Governance
    • Report from the Supervisory Board
    • Governance and compliance
    • Management Board
    • Supervisory Board
    • Remuneration report
    • Risk management
    • Management review and reporting
  • Shareholder information
    • Initial Public Offering and listing
    • Share price performance
    • Shareholders
    • Investor Relations
    • Annual General Meeting
    • Dividends
    • Important dates
  • Financial Statements
    • Consolidated Financial Statements
    • Notes to the Consolidated Financial Statements
    • Parent Company Financial Statements
    • Notes to the Parent Company Financial Statements
    • Other information
    • Subsequent events
  • Other information
    • Independent Auditor’s Report
    • Address and contact details
HomeFinancial StatementsNotes to the Consolidated Financial Statements19. Inventories
  • 1. General Information
  • 2. Summary of Significant Accounting Policies
  • 3. Financial Risk Management
  • 4. Estimates and Judgments by Management
  • 5. Segments
  • 6. Acquisitions of Subsidiaries, Associates and Non-Controlling Interests
  • 7. Revenue
  • 8. Cost of Sales and Directly Related Costs
  • 9. Share of Result of Associates and Joint Ventures
  • 10. Finance Income and Costs
  • 11. Income Tax
  • 12. Earnings per Share
  • 13. Property, Plant and Equipment
  • 14. Goodwill
  • 15. Other Intangible Assets
  • 16. Impairment Tests for Goodwill
  • 17. Other Non-Current Assets
  • 18. Associates and Joint Ventures
  • 19. Inventories
  • 20. Trade and Other Receivables
  • 21. Cash and Cash Equivalents
  • 22. Share Capital
  • 23. Other Reserves
  • 24. Retained Earnings
  • 25. Non-Controlling Interest
  • 26. Borrowings
  • 27. Deferred Income Taxes
  • 28. Post-Employment Benefits
  • 29. Provisions
  • 30. Share-based Payment Plans
  • 31. Other Non-Current Liabilities
  • 32. Derivative Financial Instruments
  • 33. Trade and Other Payables
  • 34. Cash Generated from Operations
  • 35. Contingencies
  • 36. Auditor Fees
  • 37. Related Parties
  • 38. Non-GAAP Measures
  • 39. Principal Subsidiaries, Joint Ventures and Associates

19. Inventories

in thousands of EUR

31 December 2016

31 December 2015

Finished goods

309,124

285,356

Raw materials

2,527

2,539

Provision for obsolete inventory

- 18,672

- 23,881

292,979

264,014

An amount of €9,031 (2015: €13,817) has been recognized in the Income Statement relating to obsolete inventories in ’Cost of sales and directly related costs’.

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