4.3.18Inventories
31 December 2022 | 31 December 2021 | ||
|---|---|---|---|
Materials and consumables | 9 | 11 | |
Goods for resale | 4 | 3 | |
Multi-purpose floaters under construction | 13 | - | |
Total | 25 | 14 |
Multi-purpose floaters (’MPFs’) under construction relate to the ongoing EPC phase of any Fast4Ward® new-build hulls. Fast4Ward® hulls remain in inventory until they are allocated to a specific FPSO contract.
The increase of the inventory balance at year-end 2022 relates to the new multi-purpose hull for use on a future FPSO project. As per December 31, 2022, the Company has one MPF under construction for use on a future FPSO project.