32 Inventories
Accounting Policies
Inventories are valued at cost or at their net realizable value, whichever is lower. Carbon credits and green electricity certificates are recognized at cost and are subsequently tested for impairment as of the reporting date.
Inventories primarily include repair materials for our craftsmen’s organization in the amount of € 11.5 million (December 31, 2023: € 9.1 million) and carbon credits that Vonovia Energie Service has to keep as part of its carbon emissions trading in the amount of € 1.6 million (December 31, 2023: € 7.6 million). In individual cases, the credits can also include smaller quantities of green electricity certificates that serve as evidence of a green electricity product.