12 – Current Assets

Current assets (Million €)

 

June 30, 2020

December 31, 2019

June 30, 2019

Raw materials and factory supplies

3,463

3,379

3,659

Work in progress, finished goods and merchandise

7,237

7,742

8,580

Advance payments and services in progress

97

102

117

Inventories

10,797

11,223

12,356

Accounts receivable, trade

9,403

9,093

11,233

Other receivables and miscellaneous assets

4,761

3,790

3,705

Marketable securities

350

444

47

Cash and cash equivalents

5,212

2,427

2,118

Assets of disposal groups

4,690

4,013

Other current assets

15,013

10,674

5,870

Current assets

35,213

30,990

29,459

Work in progress, finished goods and merchandise are combined into one item due to production conditions in the chemical industry. Services in progress mainly relate to services not invoiced as of the balance sheet date.

The increase in trade accounts receivable since December 31, 2019, was primarily attributable to seasonal sales volumes growth in the Agricultural Solutions segment.

The rise in the item “Other receivables and miscellaneous assets” was largely due to precious metal trading positions, derivatives with positive fair values and tax receivables.