4 Inventories
millions of € |
|
|
|---|---|---|
|
Dec. 31, 2023 |
Dec. 31, 2022 |
Raw materials and supplies |
212 |
130 |
Work in process |
49 |
34 |
Finished goods and merchandise |
2,158 |
2,474 |
|
2,419 |
2,639 |
The carrying amount of inventories decreased by EUR 0.2 billion compared to December 31, 2022 to EUR 2.4 billion, due to the sale of older terminal equipment and the reduction of warehouses and shops at former Sprint sites in the United States operating segment. Exchange rate effects, in particular from the translation of U.S. dollars into euros, also had a decreasing effect.
Write-downs of EUR 5 million (2022: EUR 39 million, 2021: EUR 23 million) on the net realizable value were recognized in profit or loss in 2023. The carrying amount of inventories expensed during the reporting period was EUR 19,833 million (2022: EUR 22,722 million, 2021: EUR 22,532 million).
Finished goods and merchandise primarily comprise retail products (e.g., terminal equipment and accessories) not manufactured by Deutsche Telekom and services rendered but not yet invoiced, primarily to business customers.