20Inventories
|
millions of CHF |
|
2022 |
|
2021 |
|
Raw materials, supplies and consumables |
|
192.3 |
|
186.0 |
|
Work in progress |
|
250.3 |
|
218.3 |
|
Finished products and trade merchandise |
|
79.9 |
|
71.3 |
|
Total inventories as of December 31 |
|
522.4 |
|
475.6 |
In 2022, the group recognized write-downs of CHF 49.8 million (2021: CHF 16.5 million) in the income statement, of which CHF 31.4 million relates to write-downs in connection with the Russian business classified as held for sale. The accumulated write-downs on inventories amounted to CHF 79.9 million as of December 31, 2022 (2021: CHF 85.4 million). Material expenses in 2022 amounted to CHF 1’192.1 million (2021: CHF 1’110.1 million).