CERTYNEX IFRS ACADEMY

The packaging manufacturer Plastiform is preparing its note on inventories. Which breakdown of the carrying amount of inventories meets IAS 2?

No breakdown: only total inventories are disclosed, the breakdown being merely an optional suggestion.

A breakdown into classifications appropriate to the entity, for example materials, production supplies, work in progress and finished goods.

A breakdown according to a single list of classifications imposed by the standard, identical for all entities whatever their sector.

A breakdown by main supplier, so as to show the entity's dependence on its suppliers.