[25] Inventories
The reported inventories break down as follows:
in € million |
Dec. 31, 2021 |
Dec. 31, 2020 |
|---|---|---|
Materials and supplies |
442.0 |
280.5 |
Work in progress |
363.2 |
162.2 |
Finished goods and merchandise |
761.6 |
618.7 |
Advances paid |
65.2 |
39.5 |
Total inventories |
1,632.1 |
1,101.0 |
In 2021, impairment losses of €30.1 million were recognized on inventories (2020: €38.7 million). Reversals of impairment losses were recognized in an amount of €13.6 million (2020: €10.1 million) because the reasons for the impairment losses no longer existed.