Details of this heading in the balance sheet at 31 December 2017 are as follows:
The Company made a provision for impairment losses in respect of obsolescent items of inventory.
In December 2017 the project to replace the FTTH access network was completed, involving the retirement of equipment for which provision had been made in 2016. This resulted in a significant reduction in the Company’s provision for impairment losses recognised at the end of the reporting period.
The movements in impairment provisions during the year were as follows: