19. Inventories

Thousands of Russian Roubles, unless otherwise stated

31 December 2011 31 December 2010
Materials and supplies 1,607,195 1,543,857
Inventory for resale 6,083 1,116
Total inventories 1,613,278 1,544,973
Less: provision for inventory obsolescence (167,558) (194,548)
Total 1,445,720 1,350,425

At 31 December 2011 and 31 December 2010 no inventories were pledged as collateral for bank loans (refer to Note 22).

Return to Notes to the Consolidated Financial Statements for the year ended 31 December 2011