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23 Inventories

 
 31-Dec-0931-Dec-08Change
Raw materials and stock41,18554,194-13,009
Intermediate goods132247-115
Finished products823218605
Advance payments4,9286,076-1,148
Total47,06860,735-13,667

Inventories as at 31 December 2009 are stated net of an obsolescence provision amounting to Euro 661 thousand (Euro 702 thousand as at 31 December 2008). Inventories of raw materials and stocks are made up mainly of spare parts and equipment used for the maintenance and running of operating plants and gas stocks. The decrease compared with 31 December 2008 is due to lower stocks and to the lower valuation of the natural gas stored.

The item "Advance payments", amounting to Euro 4,928 thousand, relates to advance payments on gas supply.

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