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.