Annual Report 2022

13. Inventories

CHF million

 

2022

 

2021

Raw material

 

163.2

 

134.1

Packaging material

 

144.7

 

113.0

Semi-finished and finished products

 

652.3

 

593.8

Inventory reserves

 

– 84.6

 

– 79.3

Total

 

875.6

 

761.6

In 2022, CHF 22.3 million (CHF 18.1 million in prior year) of the inventory reserve that existed as of year-end 2021 has been credited to the income statement.