19Inventories
|
millions of CHF |
|
2021 |
|
2020 |
|
Raw materials, supplies and consumables |
|
186.0 |
|
197.6 |
|
Work in progress |
|
218.3 |
|
216.4 |
|
Finished products and trade merchandise |
|
71.3 |
|
101.1 |
|
Total inventories as of December 31 |
|
475.6 |
|
515.1 |
In 2021, the group recognized write-downs of CHF 16.5 million (2020: CHF 26.5 million) in the income statement. Total accumulated write-downs on inventories amounted to CHF 85.4 million as of December 31, 2021 (2020: CHF 94.2 million). Material expenses in 2021 amounted to CHF 1’110.1 million (2020: CHF 1’225.0 million).