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14. Inventories

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03/31/2017

 

03/31/2018

 

 

 

 

 

Raw materials and supplies

 

1,207.8

 

1,337.0

Work in progress

 

931.0

 

1,213.7

Finished goods

 

1,060.7

 

1,185.5

Merchandise

 

176.9

 

194.2

As yet unbillable services

 

7.7

 

16.9

Advance payments

 

24.1

 

51.1

 

 

3,408.2

 

3,998.4

 

 

 

 

 

In millions of euros

Write-downs to the lower net realizable value amounting to EUR 135.5 million (March 31, 2017: EUR 140.4 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 458.3 million (March 31, 2017: EUR 541.0 million). As in the previous year, no inventories are pledged as security for liabilities as of March 31, 2018. An amount of EUR 6,935.7 million (March 31, 2017: EUR 5,689.7 million) has been recognized as cost of materials.