[24] Inventories
The reported inventories break down as follows:
in € million |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
Materials and supplies |
512.2 |
442.0 |
Work in progress |
340.1 |
363.2 |
Finished goods and merchandise |
890.3 |
761.6 |
Advances paid |
62.0 |
65.2 |
Total inventories |
1,804.6 |
1,632.1 |
In 2022, impairment losses of €50.2 million were recognized on inventories (2021: €30.1 million). Of this sum, €10.9 million related to inventories of the Russian subsidiaries in the Industrial Trucks & Services segment that are to be sold (further information can be found in note [27]). Reversals of impairment losses were recognized in an amount of €13.3 million (2021: €13.6 million) because the reasons for the impairment losses no longer existed.