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14. Inventories

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03/31/2014

 

03/31/2015

 

 

 

 

 

Raw materials and supplies

 

900.2

 

940.3

Work in progress

 

835.5

 

861.7

Finished goods

 

944.2

 

955.9

Merchandise

 

190.8

 

204.7

As yet unbillable services

 

7.0

 

5.5

Advance payments

 

6.0

 

9.4

 

 

2,883.7

 

2,977.5

 

 

 

 

 

 

 

In millions of euros

Write-downs to the lower net realizable value amounting to EUR 110.4 million (March 31, 2014: EUR 94.5 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 572.2 million (March 31, 2014: EUR 545.5 million). As of March 31, 2015, inventories of EUR 2.9 million (March 31, 2014: EUR 0.0 million) are pledged as security for liabilities. An amount of EUR 6,011.5 million (March 31, 2014: EUR 6,206.4 million) has been recognized as cost of materials.