IAS 2 – Inventories

5 Disclosure required in the financial statements

The financial statements shall disclose:

1. the accounting policies adopted in measuring inventories, including the cost formula used;
2. the total carrying amount of inventories and the carrying amount in classifications appropriate to the entity;
3. the carrying amount of inventories carried at fair value less costs to sell;
4. the amount of inventories recognised as an expense during the period;
5. the amount of any write-down of inventories recognised as an expense in the period
6. the amount of any reversal of any write-down that is recognised as a reduction in the amount of inventories recognised as expense in the period
7. the circumstances or events that led to the reversal of a write-down of inventories; and
8. the carrying amount of inventories pledged as security for liabilities.