12 – Current Assets

Current assets (Million €)

 

June 30, 2022

December 31, 2021

June 30, 2021

Raw materials and factory supplies

5,421

4,414

3,716

Work in progress, finished goods and merchandise

10,488

9,337

7,355

Advance payments and services in progress

77

117

84

Inventories

15,986

13,868

11,155

Accounts receivable, trade

15,774

11,942

12,600

Loans and interest receivables

119

149

207

Derivatives with positive fair values

1,058

610

531

Receivables from bank acceptance drafts

451

387

443

Prepaid expenses

246

327

312

Tax refund claims

1,697

1,610

1,406

Precious metal trading items

2,522

1,554

2,447

Other

1,291

932

941

Other receivables and miscellaneous assets

7,384

5,568

6,287

Marketable securities

207

208

208

Cash and cash equivalents

3,780

2,624

2,869

Assets of disposal groups

221

840

Other current assets

11,591

9,240

9,364

Current assets

43,351

35,051

33,119

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

The increase in trade accounts receivable compared with December 31, 2021, was primarily attributable to seasonal sales volumes growth in the Agricultural Solutions segment and higher sales prices due to increased raw materials prices.