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17 – Inventories

Inventories

In EUR mn

 

 

 

2021

2020

Crude oil

673

427

Natural gas

204

122

Other raw materials

537

466

Work in progress

146

74

Finished petroleum products

645

540

Other finished products1

945

723

Inventories

3,150

2,352

1

The balance of other finished products is mainly attributable to the finished products of Borealis Group, i.e. polyolefins and base chemicals.

Purchases (net of inventory variation)

In EUR mn

 

 

 

2021

2020

Costs of goods and materials

16,610

8,992

Inventory changes1

3,615

540

Write-downs to net realizable value and write-offs of inventories

41

134

Reversal of inventories write-downs

(9)

(68)

Purchases (net of inventory variation)

20,257

9,598

1

Mainly related to the petrochemical products

The reversal of inventories write-downs in 2020 were related to the gas business resulting from increased prices.