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Inventories
12 Months Ended
Dec. 31, 2021
Inventories [Abstract]  
Inventories

13 Inventories

 

(in millions)

 

December 31,
2021

 

December 31,
2020

Raw materials and supplies

 

248.3

 

44.3

Unfinished goods

 

84.5

 

19.4

Finished goods

 

169.7

 

0.4

Total

 

502.5

 

64.1

 

During the year ended December 31, 2021, inventory write-offs and reserves related to our COVID-19 vaccine amounting to €194.6 million were recognized in cost of sales as a result of the respective inventories not fulfilling the predefined quality-specifications (GMP) and / or regulatory requirements (approval of the respective authorities, i.e. FDA) and / or shelf-life expiration, compared to nil in the previous period. We have not pledged any inventories as securities for liabilities. During the years ended December 31, 2021 and 2020, €1,255.1 million and €32.1 million, respectively costs of inventories were recognized as cost of sales.