23 Inventories

 

 

 

€ million

2018

2017

Raw materials and consumables

83

97

Work in progress

441

362

Finished goods

123

135

Goods purchased for resale

0

3

Inventories

647

597

 

 

 

The cost of inventories recognized as an expense and included in “cost of sales” amounted to € 685 million (2017: € 713 million). There are no inventories pledged for security, nor is there any inventory stated at net realizable value. The write-down on inventories amounted to € 37 million in 2018 (2017: € 21 million) and has been included in cost of sales. Total inventory increased by € 50 million. The increase is mainly related to Cimzia® inventory.