28) Inventories


Inventories

in €m

31.12.2011

31.12.2010

*

Rounded below EUR 1m.

Raw materials, consumables and supplies

512

550

Finished goods and work in progress

108

111

Advance payments

0*

1

 

620

662

Inventories valued at EUR 30m (previous year: EUR 39m) are pledged as collateral for loans.

The gross value of inventories as of 31 December 2011 was EUR 806m (previous year: EUR 841m). Of these, inventories at a carrying amount of EUR 495m (previous year: EUR 499m) were recognised at fair value less costs to sell (net realisable value). Write-downs of EUR 186m (previous year EUR 179m) were made to net realisable value. In the reporting period new write-downs were made for EUR 23m (previous year: EUR 30m). Write-downs of EUR 11m made the previous year were reversed (previous year: EUR 4m).

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