Inventories

Inventories were comprised as follows:

Inventories

 

 

Dec. 31, 2015

 

Dec. 31, 2016

 

 

€ million

 

€ million

Raw materials and supplies

 

2,296

 

2,396

Work in process, finished goods and goods purchased for resale

 

6,241

 

5,991

Advance payments

 

13

 

21

Total

 

8,550

 

8,408

Impairment losses recognized on inventories were reflected in the cost of goods sold. They were comprised as follows:

Impairments of Inventories

 

 

2015

 

2016

 

 

€ million

 

€ million

Accumulated impairment losses, January 1

 

(477)

 

(427)

Changes in scope of consolidation

 

(5)

 

Impairment losses in the reporting period

 

(216)

 

(321)

Impairment loss reversals or utilization

 

246

 

346

Exchange differences

 

21

 

(18)

Transfers (IFRS 5)

 

4

 

4

Accumulated impairment losses, December 31

 

(427)

 

(416)