4 Inventories
millions of € |
|
|
|
Dec. 31, 2024 |
Dec. 31, 2023 |
---|---|---|
Raw materials and supplies |
186 |
212 |
Work in process |
49 |
49 |
Finished goods and merchandise |
2,216 |
2,158 |
|
2,451 |
2,419 |
The carrying amount of inventories increased from EUR 2.4 billion as of December 31, 2023 to EUR 2.5 billion, largely due to exchange rate effects, mainly from the translation of U.S. dollars into euros.
As in the prior year, no significant impairment losses were recognized on the net realizable value in 2024. The carrying amount of inventories expensed during the reporting period was EUR 20,434 million (2023: EUR 19,833 million, 2022: EUR 22,722 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.