Note 8 – Inventories Audited

million CHF 2016 2015
     
Inventories 1,006 993
Value adjustments (109) (100)
Total 897 893

 

million CHF 2016 2015
     
Raw materials 22% 200 23% 203
Work in progress 6% 58 3% 30
Finished goods 49% 439 51% 455
Other 22% 200 23% 205
Total 100% 897 100% 893

 

By Operating Segments

million CHF 2016 2015
     
Specialty Ingredients 47% 421 52% 461
Pharma&Biotech 53% 476 48% 432
Total 100% 897 100% 893

 

The development of inventory value adjustments in 2016 is shown as follows:

Inventory Write-Downs

million CHF 2016 2015
  Raw materials Work in progress and finished goods Other Total Total
           
At 1 January 14 50 36 100 90
Increase 29 238 6 273 214
Reversal / Utilization of write-downs (28) (226) (6) (260) (202)
Transfer to assets held for sale (2) (6) 0 (8) 0
Currency translation differences 0 3 1 4 (2)
At 31 December 13 59 37 109 100

 

The cost of inventories recognized as expenses during the period and included in “Cost of goods sold” amounted to CHF 2,633 million (2015: CHF 2,569 million).