17 – Inventories
Million € |
|
December 31, |
December 31, |
|---|---|---|---|
Raw materials and factory supplies |
|
2,944 |
2,814 |
Work-in-process, finished goods and merchandise |
|
6,680 |
8,358 |
Advance payments and services-in-process |
|
69 |
94 |
Inventories |
|
9,693 |
11,266 |
Work-in-process, finished goods and merchandise are combined into one item due to the production conditions in the chemical industry. Services-in-process primarily relate to services not invoiced as of the balance sheet date.
Cost of sales included inventories recognized as an expense amounting to €38,199 million in 2015, and €43,841 million in 2014.
A write-up of inventory was recognized in the amount of €22 million in 2015 and in the amount of €2 million in 2014.
Of total inventories, €770 million was measured at net realizable value in 2015 and €1,320 million in 2014.