in € millions | 12/31/2016 | 12/31/2015 |
---|---|---|
Program rights | 1,005 | 954 |
Raw materials and supplies | 105 | 109 |
Work in progress | 124 | 139 |
Finished goods and merchandise | 294 | 317 |
Advance payments | 157 | 142 |
1,685 | 1,661 |
In the financial year 2016, write-downs on inventories were recognized in the amount of €-129 million (previous year: €-139 million). In addition, reversals of write-downs on inventories were recognized in the amount of €119 million (previous year: €116 million). These are due to broadcasting factors for program rights and also increased prices in some markets. As in the previous year, no inventories have been pledged as collateral for liabilities.