Notes

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20 Inventories

€ million

 

Dec. 31, 2022

 

Dec. 31, 2021

 

 

 

 

 

Raw materials, consumables and supplies

 

10,458

 

9,331

Work in progress

 

6,041

 

6,559

Finished goods and purchased merchandise

 

29,466

 

22,201

Current lease assets

 

5,170

 

5,291

Prepayments

 

1,165

 

344

Hedges on inventories

 

−26

 

−2

 

 

52,274

 

43,725

At the same time as the relevant revenue was recognized, inventories in the amount of €204 billion (previous year: €181 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €582 million (previous year: €594 million). Vehicles with a value amounting to €257 million (previous year: €345 million) were assigned as collateral for partial retirement obligations.