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Note 10: Inventories


Of the total carrying value of inventories at year-end 2012, €50 million is measured at net realizable value (2011: €68 million). In 2012, €39 million was recognized in the statement of income for the write-down of inventories (2011: €25 million), while €28 million of write-downs were reversed (2011: €17 million). There are no inventories subject to retention of title clauses.

In € millions

 

2011

 

2012

Raw materials and supplies

 

649

 

519

Work in progress

 

91

 

81

Finished products and goods for resale

 

1,177

 

944

Inventory prepayments

 

7

 

1

Total

 

1,924

 

1,545

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