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.