14. Inventories

       

       

      03/31/20231

       

      03/31/2024

       

       

       

       

       

      Raw materials and supplies

       

      2,255.0

       

      1,935.5

      Work in progress

       

      1,563.7

       

      1,341.3

      Finished goods

       

      1,676.1

       

      1,562.5

      Merchandise

       

      177.7

       

      181.4

      As yet unbillable services

       

      14.1

       

      14.6

      Advance payments

       

      14.7

       

      21.6

       

       

      5,701.3

       

      5,056.9

       

       

       

       

       

      1
      Business year 2022/23, retroactively adjusted.

      In millions of euros

      The Consolidated Financial Statements contain write-downs to the lower net realizable value in the amount of EUR 239.5 million (March 31, 2023: EUR 225.8 million). The carrying amount of the inventories that have been written down to the lower net realizable value is EUR 782.2 million (March 31, 2023: EUR 641.9 million). As in the previous business year, no inventories are pledged as security for liabilities as of March 31, 2024. An amount of EUR 9,763.7 million (March 31, 2023: EUR 11,345.8 million) has been recognized as cost of materials.