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14. Inventories

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03/31/2013

 

03/31/2014

 

 

 

 

 

Raw materials and supplies

 

870.6

 

914.3

Work in progress

 

780.9

 

847.6

Finished goods

 

987.2

 

971.5

Merchandise

 

218.1

 

190.8

As yet unbillable services

 

7.5

 

7.0

Advance payments

 

12.6

 

6.0

 

 

2,876.9

 

2,937.2

 

 

 

 

 

 

 

In millions of euros

Write-downs to the lower net realizable value amounting to EUR 94.7 million (March 31, 2013: EUR 105.0 million) are recorded in the consolidated financial statements. The carrying amount of the inventories that have been written down to the lower net realizable value amounts to EUR 546.3 million (March 31, 2013: EUR 579.3 million). As of March 31, 2014, no inventories are pledged as security for liabilities (March 31, 2013: EUR 2.4 million). An amount of EUR 6,231.7 million (March 31, 2013: EUR 6,548.0 million) has been recognized as cost of materials.