20 Inventories
€ million |
|
Dec. 31, 2021 |
|
Dec. 31, 2020 |
|---|---|---|---|---|
|
|
|
|
|
Raw materials, consumables and supplies |
|
9,331 |
|
6,966 |
Work in progress |
|
6,559 |
|
4,022 |
Finished goods and purchased merchandise |
|
22,201 |
|
27,204 |
Current lease assets |
|
5,291 |
|
5,337 |
Prepayments |
|
344 |
|
288 |
Hedges on inventories |
|
–2 |
|
6 |
|
|
43,725 |
|
43,823 |
At the same time as the relevant revenue was recognized, inventories in the amount of €181 billion (previous year adjusted: €165 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €594 million (previous year: €697 million). Vehicles with a value amounting to €345 million (previous year: €320 million) were assigned as collateral for partial retirement obligations.
The entire industry is currently experiencing supply shortages of semiconductor components. This fact had an effect on the structure of inventories as of December 31, 2021, causing a reduction in finished goods compared with December 31, 2020, set against an increase in inventories of work in progress and raw materials.