20 Inventories
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€ million |
Dec. 31, 2014 |
Dec. 31, 2013 |
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|---|---|---|---|---|
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|
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Raw materials, consumables and supplies |
3,941 |
3,716 |
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Work in progress |
3,552 |
3,096 |
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Finished goods and purchased merchandise |
20,156 |
18,284 |
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Current lease assets |
3,679 |
3,418 |
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Prepayments |
139 |
140 |
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|
31,466 |
28,653 |
Of the total inventories, €4,029 million (previous year: €4,211 million) is recognized at net realizable value. At the same time as the relevant revenue was recognized, inventories in the amount of €158,108 million were included in cost of sales (previous year: €152,290 million). Valuation allowances recognized as expenses in the reporting period amounted to €785 million (previous year: €911 million). Vehicles amounting to €207 million (previous year: €220 million) were assigned as collateral for partial retirement obligations.