16. Inventories
Inventories were comprised as follows:
|
|
|
|
|
||||
|
|
Dec. 31, 2022 |
|
Dec. 31, 2023 |
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|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
||||
Raw materials and supplies |
|
848 |
|
790 |
||||
Work in process, finished goods and goods purchased for resale1 |
|
1,964 |
|
1,665 |
||||
Advance payments |
|
2 |
|
4 |
||||
Total |
|
2,814 |
|
2,459 |
||||
|
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In fiscal 2023, impairment losses on inventories of €56 million (previous year: €69 million) and reversals of impairment losses of €25 million (previous year: €12 million) were recognized through profit or loss in cost of goods sold.
The cost of goods sold included inventories recognized as an expense of €11,776 million (previous year: €14,554 million).