Merck 2008 Annual Report Download - page 105

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[19] Inventories
This item comprises:
€ million
Dec. 31,
2008
Dec. 31,
2007
Raw materials and production supplies 253.6 238.9
Work in progress, finished goods and goods purchased for resale 1,152.3 917.0
Advance payments 1.5 2.6
1,407.4 1,158.5
Write-downs of inventories amounted to € 93.5 million as of the balance sheet date
(2007: € 98.3 million). The fair value of inventories that were written down amounts to
€ 377.6 million (2007: € 340.0 million). As of the balance sheet date, no inventories
were used to secure liabilities. There were no significant contracts to be accounted for
in accordance with IAS 11 (Construction Contracts) as of the balance sheet date.
[20] Other assets
This item comprises:
Other current assets
€ million
Dec. 31,
2008
Dec. 31,
2007
Other receivables from associates – –
Other receivables from other affiliates 2.8 0.9
Other receivables from third parties 138.4 118.4
Receivables from related parties 22.5 26.6
Derivative assets (operational) 47.0 3.1
Prepaid expenses 40.7 32.4
Refund claims on plan assets 19.9 29.8
Other assets 12.0 15.2
283.3 226.4
Other non-current assets
€ million
Dec. 31,
2008
Dec. 31,
2007
Other receivables from associates – –
Other receivables from third parties 50.6 50.4
Prepaid expenses 1.6 1.9
Other assets 11.5 9.5
63.7 61.8
100 | Merck Annual Report 2008