20

Other assets and other liabilities

The breakdown of these items in the balance sheet is as follows:

Breakdown of other assets and other liabilities (Millions of euros)

31-12-2019

31-12-2018

31-12-2017

Inventories

54

57

878

Other assets

2,928

2,119

1,627

Prepayments and accrued income *

1,496

710

699

Ongoing transactions

271

435

427

Dividends on equity securities accrued and receivable

7

23

115

Other

1,154

951

386

Total other assets

2,982

2,176

2,505

Prepayments and accrued income *

1,143

1,036

1,056

Ongoing transactions

446

1,027

951

Other

573

576

328

Total other liabilities

2,162

2,639

2,335

(*) Includes the accumulated amount of the fair value hedge adjustments of hedged items that are accrued until maturity (see Note 1).

The breakdown of the changes of the balance under "Inventories" is as follows:

Changes in inventories (Millions of euros)

2019

2018

2017

Foreclosed assets

Other assets

Foreclosed assets

Other assets

Foreclosed assets

Other assets

Gross cost, inventories

Opening balance

38

43

2,357

54

2,622

62

Plus:

Acquisitions

3

215

78

245

85

175

Transfers and other

15

7

Less:

Sales (Note 1.8) *

(3)

(224)

(2,339)

(256)

(285)

(172)

Transfers and other **

1

(58)

(7)

(65)

(11)

Closing balance

53

35

38

43

2,357

54

Impairment allowances, inventories

Opening balance

(23)

(1)

(1,517)

(17)

(1,654)

(17)

Plus:

Net allowances (Note 37)

(6)

(1)

(47)

Transfers and other

(11)

10

17

10

Less:

Amounts used

1

1,490

175

Closing balance

(33)

(1)

(23)

(1)

(1,516)

(17)

Inventories

20

34

15

42

841

37

(*) Includes the costs attributable to sales and income from the provision of non-financial services.

(**) They mainly include the value of the constructions/land fields reclassified from other balance sheet headings: from "Investment property" or "Non-current assets and disposal groups classified as held for sale" (see Notes 18 and 21).