12 – Current assets
Million € |
|
March 31, |
December 31, |
March 31, |
|---|---|---|---|---|
Raw materials and factory supplies |
|
2,996 |
2,944 |
3,399 |
Work-in-process, finished goods and merchandise |
|
6,509 |
6,680 |
7,554 |
Advance payments and services-in-process |
|
97 |
69 |
113 |
Inventories |
|
9,602 |
9,693 |
11,066 |
Accounts receivable, trade |
|
10,685 |
9,516 |
12,796 |
Other receivables and miscellaneous current assets |
|
3,779 |
3,095 |
4,423 |
Marketable securities |
|
21 |
21 |
20 |
Cash and cash equivalents |
|
4,036 |
2,241 |
2,317 |
Assets of disposal groups |
|
− |
− |
− |
Other current assets |
|
7,836 |
5,357 |
6,760 |
Current assets |
|
28,123 |
24,566 |
30,622 |
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.
Inventories decreased in comparison with December 31, 2015, partly as a result of seasonal effects in the Agricultural Solutions segment.
The increase in trade accounts receivable since December 31, 2015, was primarily attributable to seasonal effects in the Agricultural Solutions segment.