23. Inventories
Inventories include the following components:
|
31/12/2025 |
31/12/2024 |
|---|---|---|
Raw materials and supplies |
311,452 |
386,964 |
Work in progress |
12,216 |
11,323 |
Finished goods and merchandise |
205,882 |
244,513 |
Advance payments made |
2,139 |
3,434 |
Total |
531,688 |
646,235 |
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 2025 financial year, write-downs to reflect the net realizable value of inventories amount to EUR 9,028 thousand (2024: EUR 8,085 thousand). Expenses for inventories, which are included in the cost of material totaled EUR 1,160,875 thousand (2024: EUR 1,159,992 thousand).