Notes (IFRS)

skip to main navigation-menu | skip to metanavigation | skip to search form and cross links | skip to toolbox (compare to last year, printing and others)

Content

skip to content | skip to main navigation menu| skip to metanavigation | skip to search form and cross links

Toolbox (Compare to last year, printing, etc.)

  • Compare with last year
  • Open your print basket
  • Add this page to the print basket
  • Print page
  • Send this page to a friend
back back     next next

15. Inventories

Inventories at 31st December 2007 and 2006 consist of the following:

Download Excel

(in €m)

31st December 2007

31st December 2006

 

 

 

Raw materials and manufacturing supplies

1,596

1,283

Work in progress

12,253

11,260

Finished goods and parts accounted for at lower of cost and net realisable value

1,217

1,224

Advance payments to suppliers

3,840

3,125

Total

18,906

16,892

The increase in work in progress of €993 million was mainly driven by Airbus’ A380 programme, the A400M programme and the Glossaryramp-up at Eurocopter partly compensated by the MBDA quotation change from 50% to 37.5% in the amount of €(318) million. The increase of advance payments provided to suppliers mainly reflects activities in Airbus for supplier funding and in Defence for Eurofighter Series Production Equipment.

The finished goods and parts for resale before write-down to net realisable value amount to €1,565 million in 2007 (2006: €1,559 million) and work in progress before write-down to net realisable value amounts to €13,632 million (2006: €12,186 million). Write downs for finished goods and services are recorded when it becomes probable that total estimated contract costs will exceed total contract revenues. The impairment charges in 2007 and 2006 for work in progress mainly relate to the A380 programme.


Disclaimer/Imprint

top