14. Inventories

 

 

03/31/2021

 

03/31/2022

 

 

 

 

 

Raw materials and supplies

 

1,314.0

 

1,899.9

Work in progress

 

884.8

 

1,356.3

Finished goods

 

1,091.0

 

1,474.6

Merchandise

 

105.7

 

142.2

As yet unbillable services

 

9.6

 

10.4

Advance payments

 

33.7

 

51.7

 

 

3,438.8

 

4,935.1

 

 

 

 

 

In millions of euros

The Consolidated Financial Statements contain write-downs to the lower net realizable value in the amount of EUR 198.5 million (March 31, 2021: EUR 193.2 million). The carrying amount of the inventories that have been written down to the lower net realizable value is EUR 507.9 million (March 31, 2021: EUR 674.4 million). As in the previous business year, no inventories are pledged as security for liabilities as of March 31, 2022. An amount of EUR 8,774.5 million (March 31, 2021: EUR 5,853.7 million) has been recognized as cost of materials.