Annual Report 2024

Notes

20. Inventories

Inventories

€ million

 

Dec. 31, 2024

 

Dec. 31, 2023

 

 

 

 

 

Raw materials, consumables and supplies

 

8,926

 

9,787

Work in progress

 

5,100

 

5,005

Finished goods and purchased merchandise

 

32,905

 

30,994

Current lease assets

 

6,226

 

6,183

Prepayments

 

3,587

 

1,649

Hedges on inventories

 

−25

 

−16

 

 

56,720

 

53,601

At the same time as the relevant revenue was recognized, inventories in the amount of €215 billion (previous year: €234 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €839 million (previous year: €621 million). Vehicles with a value amounting to €276 million (previous year: €236 million) were assigned as collateral for partial retirement obligations.