07 Inventories
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€ million |
2016 |
2015 |
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Raw materials and supplies |
278.3 |
231.2 |
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Unfinished and finished products, merchandise |
566.8 |
551.9 |
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Services not charged |
1.2 |
2.1 |
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Total |
846.3 |
785.2 |
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Of which recorded at net realizable value if lower |
104.6 |
111.8 |
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Cost of goods sold includes costs for inventories recognized as expenses totaling €4.4 billion, after €4.2 billion a year earlier. Valuation allowances recognized in the reporting period as expenses amounted to €21.5 million, compared with € –1.6 million the year before.