20. Other assets and liabilities

The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows:

Other Assets and Liabilities. Breakdown by Nature	Millions of Euros
Other Assets and Liabilities. Breakdown by Nature	2014	2013	2012
ASSETS-
Inventories	4,443	4,636	4,223
Real estate companies	4,389	4,556	4,059
Others	54	79	164
Transactions in transit	230	223	886
Accruals	706	643	660
Unaccrued prepaid expenses	491	452	475
Other prepayments and accrued income	215	190	185
Other items	2,715	2,183	1,899
Total	8,094	7,684	7,668
LIABILITIES-
Transactions in transit	77	58	440
Accruals	2,370	2,199	2,303
Unpaid accrued expenses	1,772	1,592	1,648
Other accrued expenses and deferred income	598	608	655
Other items	2,072	2,204	1,843
Total	4,519	4,460	4,586

The heading "Inventories" includes the net book value of land and building purchases that the Group’s Real estate entities have available for sale or as part of their business. Balances under this heading include mainly real estate assets acquired by these entities from customers in default (mostly in Spain), net of their corresponding losses. The losses registered under the heading “Financial losses on other assets (Net)” of the accompanying consolidated financial statements were €192, €270 million and €956 million for the years ended December 31, 2014, 2013 and 2012 respectively (see Note 47).The roll-forward of our inventories from distressed customers is provided below:

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Inventories from Distressed Customers	Millions of Euros
Inventories from Distressed Customers	2014	2013	2012
Gross value
Balance at the beginning	9,343	8,706	8,633
Acquisitions	479	896	817
Disposals	(973)	(889)	(830)
Others	268	630	86
Balance at the end	9,117	9,343	8,706
Accumulated impairment losses	(4,898)	(4,939)	(4,747)
Carrying amount	4,219	4,396	3,959

financial statements 2014

20. Other assets and liabilities