Inventories

Inventories increased compared with the preceding financial year. This is because it was not possible to execute all projects in the year, whereas inventories for them were in place. An obsolescence allowance of € 2 million has been deducted from the value of inventories (2019: € 2 million).

An amount of € 1 million within the obsolescence allowance relates to meters (2019: € 1 million).