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19 – Inventories

Inventories

In EUR mn

 

 

 

2023

2022

Crude oil

585

824

Natural gas

367

936

Other raw materials

639

677

Work in progress

219

231

Finished petroleum products

795

1,112

Other finished products1

923

1,053

Inventories

3,529

4,834

1

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

Purchases (net of inventory variation)

In EUR mn

 

 

 

2023

2022

Costs of goods and materials

20,600

34,811

Inventory changes1

3,550

4,047

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

479

466

Reversal of inventory write-downs

–407

–25

Purchases (net of inventory variation)

24,222

39,298

1

Mainly related to petrochemical products

The lines “Write-downs to net realizable value and write-offs of inventories” in 2022 and 2023 and “Reversal of inventory write-downs” in 2023 were mainly related to gas in storage.