22. Inventories
Inventories were as follows:
Inventories | T131 | |
|---|---|---|
in EUR thousands | Dec 31, 2023 | Dec 31, 2022 |
Raw materials, consumables and supplies | 63,966 | 76,968 |
Work in progress | 28,708 | 28,978 |
Finished goods and goods for resale | 127,422 | 144,850 |
220,096 | 250,796 |
As at December 31, 2023, impairment losses in the amount of EUR 6,043 thousand (Dec 31, 2022: EUR 6,949 thousand)on inventories are recognized in the income statement. Inventories have fallen significantly compared to the previous year. The higher inventory in the same period of the previous year was due to the effects of a relocation of production and the expiry of production cycles at customers.
On December 31, 2023, and 2022, the inventories were not collateralized with the exception of the customary business reservations of title.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.