XML 64 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
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.