Notes to the Consolidated Statement of Financial Position
|Raw materials and supplies||117,013||113,572|
|Work and services in progress||338,607||332,086|
|Finished goods and goods for resale||369,475||299,160|
In order to adjust inventories to the net realizable value, impairment of € 12,614 thousand was recognized in the year under review (previous year: € 10,274 thousand). The reason for the write-down to the lower net realizable value is primarily the decreased likelihood of market success for a small portion of our inventories. Used machinery was repossessed as collateral owing to the insolvency of customers. In the year under review, used machinery of € 527 thousand (previous year: € 2,663 thousand) was reported under finished goods and goods held for resale. The carrying amount of the inventories pledged as collateral in connection with the loan agreements concluded in June and August 2009 (see note 29) was € 470,776 thousand (previous year: € 511,957 thousand).