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14. Inventories

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03/31/2016

 

03/31/2017

 

 

 

 

 

Raw materials and supplies

 

912.2

 

1,207.8

Work in progress

 

850.3

 

931.0

Finished goods

 

997.1

 

1,060.7

Merchandise

 

188.8

 

176.9

As yet unbillable services

 

7.1

 

7.7

Advance payments

 

17.6

 

24.1

 

 

2,973.1

 

3,408.2

 

 

 

 

 

In millions of euros

Write-downs to the lower net realizable value amounting to EUR 140.4 million (March 31, 2016: EUR 121.3 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 541.0 million (March 31, 2016: EUR 567.6 million). As in the previous year, no inventories are pledged as security for liabilities as of March 31, 2017. An amount of EUR 5,689.7 million (March 31, 2016: EUR 5,547.6 million) has been recognized as cost of materials.