14. Inventories

       

       

      03/31/2020

       

      03/31/2021

       

       

       

       

       

      Raw materials and supplies

       

      1,293.2

       

      1,314.0

      Work in progress

       

      914.0

       

      884.8

      Finished goods

       

      1,205.2

       

      1,091.0

      Merchandise

       

      137.3

       

      105.7

      As yet unbillable services

       

      4.4

       

      9.6

      Advance payments

       

      44.1

       

      33.7

       

       

      3,598.2

       

      3,438.8

       

       

       

       

       

      In millions of euros

      The Consolidated Financial Statements contain write-downs to the lower net realizable value in the amount of EUR 193.2 million (March 31, 2020: EUR 187.6 million). The carrying amount of the inventories that have been written down to the lower net realizable value is EUR 674.4 million (March 31, 2020: EUR 865.0 million). As in the previous year, no inventories are pledged as security for liabilities as of March 31, 2021. An amount of EUR 6,101.4 million (March 31, 2020: EUR 6,846.4 million) has been recognized as cost of materials.