12 – Current assets
Million € |
|
June 30, 2017 |
Dec. 31, 2016 |
June 30, 2016 |
|---|---|---|---|---|
Raw materials and factory supplies |
|
3,138 |
3,107 |
3,007 |
Work-in-process, finished goods and merchandise |
|
6,743 |
6,808 |
6,532 |
Advance payments and services-in-process |
|
72 |
90 |
121 |
Inventories |
|
9,953 |
10,005 |
9,660 |
Accounts receivable, trade |
|
11,520 |
10,952 |
10,610 |
Other receivables and miscellaneous current assets |
|
3,880 |
3,078 |
3,546 |
Marketable securities |
|
29 |
536 |
21 |
Cash and cash equivalents |
|
1,849 |
1,375 |
1,825 |
Other current assets |
|
5,758 |
4,989 |
5,392 |
Current assets |
|
27,231 |
25,946 |
25,662 |
Work-in-process, finished goods and merchandise are combined into one item due to the production conditions in the chemical industry. Work-in-process primarily relates to services not invoiced as of the balance sheet date. Inventories are valued using the weighted average cost method.
The rise in trade accounts receivable since December 31, 2016, was primarily attributable to price increases and volumes growth in the Performance Products and Chemicals segments.