17 – Inventories

Million €

 

December 31,
2015

December 31,
2014

Raw materials and factory supplies

 

2,944

2,814

Work-in-process, finished goods and merchandise

 

6,680

8,358

Advance payments and services-in-process

 

69

94

Inventories

 

9,693

11,266

Work-in-process, finished goods and merchandise are combined into one item due to the production conditions in the chemical industry. Services-in-process primarily relate to services not invoiced as of the balance sheet date.

Cost of sales included inventories recognized as an expense amounting to €38,199 million in 2015, and €43,841 million in 2014.

A write-up of inventory was recognized in the amount of €22 million in 2015 and in the amount of €2 million in 2014.

Of total inventories, €770 million was measured at net realizable value in 2015 and €1,320 million in 2014.