The reported inventories are categorised as follows:
|
Inventories | ||
|
€ thousand |
2011 |
2010 |
|
|
|
|
|
Materials and supplies |
150,949 |
120,019 |
|
Work in progress |
98,387 |
72,294 |
|
Finished goods and merchandise |
370,714 |
337,249 |
|
Advances paid |
5,319 |
5,967 |
|
Total inventories |
625,369 |
535,529 |
The increase in inventories compared with 2010 largely results from the higher volume of business in 2011.
The KION Group recognised impairment losses of €6,179 thousand in 2011, predominantly in connection with the planned transfers of production. The impairment losses related to the STILL segment.
