[24] Inventories

The reported inventories break down as follows: >> Table 064

Inventories

 

>> TABLE 064

in € million

2013

2012

 

 

 

Materials and supplies

108.3

120.0

Work in progress

66.7

75.0

Finished goods and merchandise

331.2

349.0

Advances paid

5.5

5.9

Total inventories

511.8

549.9

The year-on-year reduction in inventories was largely attributable to the decrease in materials and supplies (down by 9.8 per cent), work in progress (down by 11.1 per cent) and finished goods (down by 5.1 per cent). In 2013, impairment losses of €13.7 million were recognised on inventories (2012: €8.2 million). Reversals of impairment losses had to be recognised in the amount of €7.0 million (2012: €0.8 million) because the reasons for the impairment losses no longer existed.