[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.