15. Inventories
As at 31-12-2023 | As at 31-12-2022 | |
Raw materials, consumables, technical materials, and packaging | 91.4 | 93.7 |
Work in progress | 17.2 | 17.4 |
Finished product | 162.4 | 226.8 |
Impairment provision | -8.1 | -6.7 |
Total | 262.9 | 331.2 |
In 2023, inventories of € 748.7 million (2022: € 739.2 million) were recognized as an expense during the year and included in 'cost of sales'. During 2023, € 7.2 million (2022: € 6.2 million) was recognized as an expense for inventories carried at net realizable value. This is recognized in 'cost of sales'.