20 Inventories
(XLS:)
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€ million |
Dec. 31, 2017 |
Dec. 31, 2016 |
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Raw materials, consumables and supplies |
4,858 |
4,396 |
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Work in progress |
4,143 |
4,408 |
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Finished goods and purchased merchandise |
26,514 |
25,719 |
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Current lease assets |
4,774 |
4,276 |
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Prepayments |
127 |
178 |
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40,415 |
38,978 |
At the same time as the relevant revenue was recognized, inventories in the amount of €173 billion (previous year: €166 billion) were included in cost of sales. Valuation allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €878 million (previous year: €1,310 million). Vehicles amounting to €271 million (previous year: €263 million) were assigned as collateral for partial retirement obligations.