| 17. | Inventories |
|
2017 €m |
2016 €m |
|||||||
|
Raw materials |
885 | 821 | ||||||
|
Work-in-progress (i) |
92 | 94 | ||||||
|
Finished goods |
1,738 | 2,024 | ||||||
|
Total inventories at the lower of cost and net realisable value |
2,715 | 2,939 | ||||||
| (i) | Work-in-progress includes €2 million (2016: €2 million) in respect of the cumulative costs incurred, net of amounts transferred to cost of sales under percentage-of-completion accounting, for construction contracts in progress at the balance sheet date. |
An analysis of the Group’s cost of sales expense is provided in note 3 to the financial statements.
Write-downs of inventories recognised as an expense within cost of sales amounted to €31 million (2016: €17 million; 2015: €12 million).