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Note 14 Inventories


 

 

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In € millions

 

 

 

2008

2007

 

 

 

Raw materials and supplies

522

342

Work in progress

84

85

Finished products and goods for resale

1,172

746

Inventory prepayments

3

4

 

 

 

Total

1,781

1,177

Of the total carrying value of inventories at December 31, 2008, €73 million is measured at net realizable value (2007: €53 million). In 2008, €22 million was recognized in the statement of income for the write-down of inventories (2007: €18 million), while €9 million of write-downs was reversed (2007: €8 million). There are no inventories subject to retention of title clauses. During 2008, an amount of €8.8 billion including direct employee benefits, depreciation and amortization was recognized as costs of goods sold, out of finished goods.

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