Annual Report 2021

14. Inventories

CHF million

 

2021

 

2020

Raw material

 

134.1

 

124.0

Packaging material

 

113.0

 

101.5

Semi-finished and finished products

 

593.8

 

541.0

Inventory reserves

 

– 79.3

 

– 65.0

Total

 

761.6

 

701.5

In 2021, CHF 18.1 million (CHF 4.0 million in prior year) of the inventory reserve that existed as of year-end 2020 has been credited to the income statement.