23 Inventories

23 Inventories

 

 

 

€ million

2019

2018

Raw materials and consumables

98

83

Work in progress

538

441

Finished goods

145

123

Inventories

780

647

 

 

 

The cost of inventories recognized as an expense and included in “cost of sales” amounted to € 672 million (2018: € 685 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 € 9 million in 2019 (2018: € 37 million) and has been included in cost of sales. Total inventory increase of € 133 million is related to Core products.