07 Inventories
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€ million |
2017 |
2016 |
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Raw materials and supplies |
245.0 |
278.3 |
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Unfinished and finished products, merchandise |
537.3 |
566.8 |
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Services not charged |
1.3 |
1.2 |
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Total |
783.6 |
846.3 |
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Of which recorded at net realizable value if lower |
80.5 |
104.6 |
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Cost of goods sold includes inventories recognized as expenses totaling €4.0 billion (after €3.8 billion a year earlier). Valuation allowances recognized in the reporting period as expenses declined by € –14.1 million. In the previous year, there was an increase of €16.8 million.