Inventories
|
| | | | | | | |
| | December 31, 2017 | | December 31, 2016 | |
| | $M | | $M | |
| Raw materials and consumables | 31.0 |
| | 28.3 |
| |
| Work in progress | 28.1 |
| | 30.5 |
| |
| Finished goods and goods for resale | 23.1 |
| | 23.7 |
| |
| | 82.2 |
| | 82.5 |
| |
Inventories above are disclosed net of any provisions for obsolete and excess inventories. The provision against obsolete and excess inventories at December 31, 2017 was $8.4 million (2016: $6.5 million). The cost of inventories recognized as an expense during the year was $282.9 million (2016: $287.3 million). The cost of inventories written-off during 2017 was $1.6 million (2016: $0.1 million).
