07 » Inventories
Inventories by major classification are as follows:
|
|
Dec. 31, 2024 |
|
Dec. 31, 2023 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Gross value |
|
Allowance for obsolescence |
|
Net value |
|
Gross value |
|
Allowance for obsolescence |
|
Net value |
Merchandise and finished goods on hand |
|
3,454 |
|
(173) |
|
3,281 |
|
3,611 |
|
(317) |
|
3,294 |
Goods in transit |
|
1,698 |
|
– |
|
1,698 |
|
1,222 |
|
– |
|
1,222 |
Raw materials |
|
10 |
|
– |
|
10 |
|
8 |
|
– |
|
8 |
Work in progress |
|
0 |
|
– |
|
0 |
|
0 |
|
– |
|
0 |
Inventories |
|
5,162 |
|
(173) |
|
4,989 |
|
4,841 |
|
(317) |
|
4,525 |
Goods in transit mainly relate to shipments of finished goods and merchandise from suppliers in Asia to subsidiaries in Europe, North America, Asia, and Latin America.
The reduced write-down on inventories amounted to an income of € 98 million in 2024 (2023: Expenses of € 145 million).