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14. Inventories

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03/31/2019

 

03/31/2020

 

 

 

 

 

Raw materials and supplies

 

1,403.7

 

1,293.2

Work in progress

 

1,127.4

 

914.0

Finished goods

 

1,267.3

 

1,205.2

Merchandise

 

194.8

 

137.3

As yet unbillable services

 

9.2

 

4.4

Advance payments

 

50.6

 

44.1

 

 

4,053.0

 

3,598.2

 

 

 

 

 

In millions of euros

The Consolidated Financial Statements contain write-downs to the lower net realizable value in the amount of EUR 187.6 million (March 31, 2019: EUR 155.7 million). The carrying amount of the inventories that have been written down to the lower net realizable value is EUR 865.0 million (March 31, 2019: EUR 605.2 million). As in the previous year, no inventories are pledged as security for liabilities as of March 31, 2020. An amount of EUR 6,846.4 million (March 31, 2019: EUR 7,195.4 million) has been recognized as cost of materials.