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14. Inventories

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03/31/2018

 

03/31/2019

 

 

 

 

 

Raw materials and supplies

 

1,337.0

 

1,403.7

Work in progress

 

1,213.7

 

1,127.4

Finished goods

 

1,185.5

 

1,267.3

Merchandise

 

194.2

 

194.8

As yet unbillable services

 

16.9

 

9.2

Advance payments

 

51.1

 

50.6

 

 

3,998.4

 

4,053.0

 

 

 

 

 

In millions of euros

The Consolidated Financial Statements contain write-downs to the lower net realizable value of EUR 155.7 million (March 31, 2018: EUR 135.5 million). The carrying amount of the inventories that have been written down to the lower net realizable value is EUR 605.2 million (March 31, 2018: EUR 458.3 million). As in the previous year, no inventories are pledged as security for liabilities as of March 31, 2019. An amount of EUR 7,195.4 million (March 31, 2018: EUR 6,935.7 million) has been recognized as cost of materials.