Annual Report 2022

Annual Report 2022

13. Inventories

(in € million)

 

 

Dec. 31, 2021

 

Dec. 31, 2022

Raw materials, consumables, and supplies

 

266

 

366

Work in progress

 

63

 

78

Finished goods and merchandise

 

811

 

1,109

Advance payments

 

4

 

4

 

 

1,144

 

1,557

Inventories increased by €413 million compared with the previous year to €1,557 million, €218 million of which (previous year: €176 million) was carried at net realizable value. Write-downs of inventories amounted to €105 million as of the reporting date (previous year: €87 million).