This item comprises:
| XLS |
€ million |
Dec. 31, 2008 |
Dec. 31, 2007 |
Raw materials and production supplies |
253.6 |
238.9 |
Work in progress, finished goods and goods purchased for resale |
1,152.3 |
917.0 |
Advance payments |
1.5 |
2.6 |
|
1,407.4 |
1,158.5 |
Write-downs of inventories amounted to € 93.5 million as of the balance sheet date (2007: € 98.3 million). The fair value of inventories that were written down amounts to € 377.6 million (2007: € 340.0 million). As of the balance sheet date, no inventories were used to secure liabilities. There were no significant contracts to be accounted for in accordance with IAS 11 (Construction Contracts) as of the balance sheet date.