Welcome to LANXESS Annual Report 2012!

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(8) Inventories

The inventories of the LANXESS Group comprised:

Inventories
     
€ million Dec. 31, 2011 Dec. 31, 2012
     
Raw materials and supplies 271 273
Work in process, finished goods and merchandise 1,115 1,254
  1,386 1,527
 

Inventories of €217 million (2011: €184 million) are reflected at net realizable value.

Write-downs of inventories were as follows:

Write-Downs of Inventories
     
€ million 2011 2012
     
Balance at beginning of year (62) (101)
Additions charged as expenses (59) (37)
Reversals/utilization 20 51
Exchange differences 0 1
Balance at end of year (101) (86)
 

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