28. Inventories - €2,531 million

 

Millions of euro

    
 

at Dec. 31, 2019

at Dec. 31, 2018

Change

Raw materials, consumables and supplies:

    

 - fuels

857

1,260

(403)

-32.0%

 - materials, equipment and other inventories

1,493

1,345

148

11.0%

Total

2,350

2,605

(255)

-9.8%

Environmental certificates:

    

 - CO2 emissions allowances

96

119

(23)

-19.3%

- green certificates

12

16

(4)

-25.0%

- white certificates

1

-

1

-

Total

109

135

(26)

-19.3%

Buildings held for sale

54

57

(3)

-5.3%

Payments on account

18

21

(3)

-14.3%

TOTAL

2,531

2,818

(287)

-10.2%

Raw materials, consumables and supplies consist of materials and equipment used to operate, maintain, and construct power plants and distribution networks, as well as fuel inventories to cover the company’s requirements for generation and trading activities.
The overall decrease in inventories for the year (€287 million) is mainly attributable to the impairment of inventories of fuel, materials and spare-parts (€308 million) associated with the coal-fired plants subject to impairment in Italy and Spain.