20 Inventories

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€ million

 

Dec. 31, 2018

 

Dec. 31, 2017

 

 

 

 

 

Raw materials, consumables and supplies

 

5,543

 

4,858

Work in progress

 

4,382

 

4,143

Finished goods and purchased merchandise

 

30,553

 

26,514

Current lease assets

 

5,107

 

4,774

Prepayments

 

168

 

127

Hedges on inventories

 

−8

 

 

 

45,745

 

40,415

At the same time as the relevant revenue was recognized, inventories in the amount of €179 billion (previous year: €173 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €902 million (previous year: €878 million). Vehicles amounting to €316 million (previous year: €271 million) were assigned as collateral for partial retirement obligations.