Inventories are initially recognized at historical cost and are valued using the average cost method, without exceeding their net realizable value.
The estimate of the realizable value of inventories on-hand is based on their age and turnover.
Source: America Movil S.A.B. de C.V., Annual Report
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America Movil S.A.B. de C.V., Statement of Financial Position, Inventory
USD $ in thousands, translated from MXN $
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
|---|---|---|---|---|---|---|
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Mobile phones, accessories, cards and other materials | |
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Reserve for obsolete and slow-moving inventories | |
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Inventories, net | |
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Source: Based on data from America Movil S.A.B. de C.V. Annual Reports
| Item | Description | The company |
|---|---|---|
| Inventories, net | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | America Movil S.A.B. de C.V.'s inventories, net increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012