Inventories

Inventories were comprised as follows:

Inventories

 

 

Dec. 31, 2017

 

Dec. 31, 2018

 

 

€ million

 

€ million

Raw materials and supplies

 

1,761

 

2,541

Work in process, finished goods and goods purchased for resale

 

4,776

 

7,205

Rights of return

 

 

85

Advance payments

 

13

 

1,130

Total

 

6,550

 

10,961

Inventories increased by €4,818 million, mainly due to the acquisition of Monsanto.

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

Impairments of Inventories

 

 

2017

 

2018

 

 

€ million

 

€ million

Accumulated impairment losses, January 1

 

(416)

 

(331)

Divestments / changes in the scope of consolidation

 

13

 

Impairment losses in the reporting period

 

(235)

 

(240)

Impairment loss reversals or utilization

 

261

 

321

Exchange differences

 

45

 

24

Transfers (IFRS 5)

 

1

 

95

Accumulated impairment losses, December 31

 

(331)

 

(131)

Compare to Last Year