Ibersol • Annual Report and Consolidated Accounts 2014 - page 192

Consolidated Financial Statements 192
12. STOCKS
On 31 December 2014 and 2013, stocks were broken down as follows:
Dec. 2014 Dec. 2013
Raw material and consumables 5.892.549 4.991.027
Merchandise 119.759 115.656
6.012.308 5.106.683
Accumulated impairment losses 74.981 74.981
Net stocks 5.937.327 5.031.702
The increase in the value of stocks is essentially the result of the need to supply restaurants in Angola.
13. CASH AND CASH EQUIVALENTS
On 31st December 2014 and 2013, cash and cash equivalents are broken as follows:
Dec. 2014 Dec. 2013
Cash 604.978 587.017
Bank deposits 12.960.898 21.550.685
Treasury applications 906 906
Cash and bank deposits in the balance sheet 13.566.782 22.138.608
Bank overdrafts -95.169 -685.514
Cash and cash equivalents
in the cash flow statement 13.471.613 21.453.094
Bank overdrafts include the creditor balances of current accounts with financial institutions, included in the
consolidated statement of financial position in the “bank loans” item (Note 16).