Note 11: Inventories

Of the total carrying value of inventories at year-end 2014, €49 million is measured at net realizable value (2013: €67 million). In 2014, €28 million was recognized in the statement of income for the write-down of inventories (2013: €31 million), while €17 million of write-downs were reversed (2013: €26 million). There are no inventories subject to retention of title clauses.

In € millions

 

2013

 

2014

Raw materials and supplies

 

430

 

476

Work in progress

 

75

 

84

Finished products and goods for resale

 

921

 

985

Total

 

1,426

 

1,545