| |
12.31.2010 |
12.31.2009 |
01.01.2009 |
| Finished goods (i) |
253.6 |
274.3 |
171.4 |
| Work-in-process (ii) |
709.3 |
692.0 |
1,043.6 |
| Raw materials |
752.6 |
897.9 |
1,003.0 |
| Spare parts |
322.0 |
334.0 |
309.2 |
| Aircraft available for sales (iii) |
132.8 |
150.0 |
149.0 |
| Consumption materials |
19.8 |
20.4 |
18.7 |
| Inventory in transit |
209.1 |
216.6 |
364.7 |
| Advances to suppliers |
35.2 |
53.4 |
35.5 |
| Provision for obsolescence (iv) |
(152.9) |
(159.4) |
(128.9) |
| Provision for adjustment to market value (v) |
(83.2) |
(34.2) |
(28.1) |
|
2,198.3 |
2,445.0 |
2,938.1 |
| Less – current portion |
2,193.4 |
2,438.5 |
2,930.1 |
| Long – term portion |
4.9 |
6.5 |
8.0 |
(i) The following number of aircraft was in inventory at :
December,31, 2010: 1 Legacy 600, 1 Legacy 650, 3 EMBRAER 190, 1 EMBRAER 195, 5 Phenom 100, 6 Phenom 300, 2 Lineage and 1 Ipanema;
December, 31, 2009: 2 Legacy 600, 5 EMBRAER 170, 1 EMBRAER 175, 2 EMBRAER 190, 1 EMBRAER 195 and 12
Phenom 100; and
January 1st, 2009: 1 Legacy 600, 2 EMBRAER 170, 4 EMBRAER 190 e 1 EMBRAER 195.
Through to March 16, 2011, of the aircraft in inventory at December 31, 2010, the Company delivered one EMBRAER 190, 1 EMBRAER 195 and 1 Phenom 300.
(ii) Includes Phenom 100 and 300 program pre-production series of US$23.6 (US$26.8 in December 31, 2009), operated under the certification campaign;
(iii) The used aircraft available for sale were as follows:
December, 31, 2010: 1 EMB 120, 1 Legacy 600, 2 EMBRAER 170, 1 EMBRAER 175, 3 EMBRAER 190 and 25
Citation Ultra; and
December, 31, 2009 and January, 1, 2009: 1 EMB 120, 1 Legacy 600, 2 EMBRAER 170, 1 EMBRAER 175 and 3 EMBRAER 190.
(iv) A provision was recorded for items without movement for over two years and with no planned use in the production program, as well as to cover possible losses on inventories and excessive or obsolete work in process, except for inventories of spare parts, for which the provision is based on technical obsolescence of items without movement for over six years:
Changes to the provision for obsolescence were as follows:
| |
12.31.2010 |
12.31.2009 |
| Beginning balance |
(159.4) |
(128.9) |
Additions
|
(16.0) |
(35.8) |
Disposals
|
20.2 |
1.0 |
Reversals
|
1.4 |
5.4 |
Foreign exchange loss(gain)
|
0.9 |
(1.1) |
| Ending balance |
(152.9) |
(159.4) |
| Less – current portion |
(152.9) |
(159.4) |
| Long – term portion |
- |
- |
Disposal of US$1.3 refers to write-offs of scrap materials.
(v) Refers to the provision recorded for adjustments to the realizable value of used aircraft. Changes to the adjustment to market value were as follows:
| |
12.31.2010 |
12.31.2009 |
| Beginning balance |
(34.2) |
(28.1) |
Additions (i)
|
(49.0) |
(6.4) |
Reversals
|
- |
0.3 |
| Ending balance |
(83.2) |
(34.2) |
| Less – current portion |
(83.2) |
(34.2) |
| Long – term portion |
- |
- |
(i) Refers mainly to adjustments to the realizable value of pre production series aircraft.
The inventory costs recognized as expenses and included in cost of sales totaled US$4,232.0 (2009 – US$4,298.6).
At December 31, 2010, US$13.4 in inventories had been pledged in guarantee of loans and financing.
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