Inventories include the following components:
|
31/12/2021 |
31/12/2020 |
|---|---|---|
Raw materials and supplies |
274,152 |
191,803 |
Work in progress |
8,974 |
5,576 |
Finished goods and merchandise |
187,674 |
128,902 |
Advance payments made |
6,156 |
3,089 |
Total |
476,956 |
329,370 |
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, sodium sulfate, acetic acid and furfural.
Write-downs totaling EUR 16,841 thousand were recognized to inventories in 2021 (2020: EUR 8,689 thousand). The carrying amount of inventories measured at their net realizable value equaled EUR 186,751 thousand (December 31, 2020: EUR 118,706 thousand). Expenses for inventories, which are included in the cost of material totaled EUR 1,017,914 thousand (2020: EUR 770,254 thousand).