Inventories include the following components:
|
31/12/2023 |
31/12/2022 |
|---|---|---|
Raw materials and supplies |
285,329 |
373,272 |
Work in progress |
9,184 |
22,542 |
Finished goods and merchandise |
254,425 |
312,493 |
Advance payments made |
4,002 |
4,215 |
Total |
552,940 |
712,522 |
Raw materials and supplies consist primarily of wood for pulp production, pulp and chemicals for cellulosic fiber production and various incidentals. The cost of raw materials and supplies is calculated using the weighted average cost method. Finished goods and work in progress include cellulosic fibers, co-products of fiber production, pulp and biorefinery-products.
In the financial year under review, write-downs to reflect the net realizable value of inventories decreased by EUR 36,358 thousand (2022: increased by EUR 67,081 thousand). The carrying amount of inventories measured at their net realizable value equaled EUR 271,383 thousand (December 31, 2022: EUR 320,235 thousand). Expenses for inventories, which are included in the cost of material totaled EUR 1,190,680 thousand (2022: EUR 1,434,476 thousand).