14. Inventories

 

 

03/31/2022

 

03/31/2023

 

 

 

 

 

Raw materials and supplies

 

1,899.9

 

2,250.7

Work in progress

 

1,356.3

 

1,566.1

Finished goods

 

1,474.6

 

1,676.1

Merchandise

 

142.2

 

177.7

As yet unbillable services

 

10.4

 

14.1

Advance payments

 

51.7

 

39.9

 

 

4,935.1

 

5,724.6

 

 

 

 

 

In millions of euros

The Consolidated Financial Statements contain write-downs to the lower net realizable value in the amount of EUR 225.8 million (March 31, 2022: EUR 198.5 million). The carrying amount of the inventories that have been written down to the lower net realizable value is EUR 641.9 million (March 31, 2022: EUR 507.9 million). As in the previous business year, no inventories are pledged as security for liabilities as of March 31, 2023. An amount of EUR 11,345.2 million (March 31, 2022: EUR 8,774.5 million) has been recognized as cost of materials.