Inventories include the following components:
|
31/12/2022 |
31/12/2021 |
|---|---|---|
Raw materials and supplies |
373,272 |
274,152 |
Work in progress |
22,542 |
8,974 |
Finished goods and merchandise |
312,493 |
187,674 |
Advance payments made |
4,215 |
6,156 |
Total |
712,522 |
476,956 |
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.
Write-downs totaling EUR 84,180 thousand were recognized to inventories in 2022 (2021: EUR 16,841 thousand). The carrying amount of inventories measured at their net realizable value equaled EUR 320,235 thousand (December 31, 2021: EUR 186,751 thousand). Expenses for inventories, which are included in the cost of material totaled EUR 1,434,476 thousand (2021: EUR 1,017,914 thousand).