4 Inventories

CHF million

 

2016

 

2015

 

 

 

 

 

Raw materials and components

 

230

 

241

Work in progress

 

149

 

127

Finished goods

 

450

 

420

Gross value of inventories on hand

 

829

 

788

 

 

 

 

 

Valuation adjustments

 

–156

 

–148

Inventories

 

673

 

640