(8) Inventories

	The Breakdown of Inventories at December 31, 2005 and December 31, 2004
	TSKK	December 31, 2005	December 31, 2004
	Material on stock	40,850	58,194
	Merchandise	218	252
	Provision for material	(2,000)	(3,000)
	Total	39,068	55,446

The set-up of a provision for material reflected the diminution in the value of inventories due to slow movement of inventories.

	Movements in the Provision for Material from January 1, 2005 to December 31, 2005
	TSKK	December 31, 2005	December 31, 2004
	Opening balance	3,000	12,000
	Creation	1,257	450
	Release/ decrease	(2,257)	(9,450)
	Closing balance	2,000	3,000

Insurance of Inventories
The Company is insured against damages caused by natural disaster and water from water piping up to the amount of SKK 50,000 thousand.

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