20 Inventories

€ million

 

Dec. 31, 2020

 

Dec. 31, 2019

 

 

 

 

 

Raw materials, consumables and supplies

 

6,966

 

6,099

Work in progress

 

4,022

 

4,110

Finished goods and purchased merchandise

 

27,204

 

30,617

Current lease assets

 

5,337

 

5,699

Prepayments

 

288

 

222

Hedges on inventories

 

6

 

−6

 

 

43,823

 

46,742

At the same time as the relevant revenue was recognized, inventories in the amount of €170 billion (previous year: €192 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €697 million (previous year: €672 million). Vehicles with a value amounting to €320 million (previous year: €340 million) were assigned as collateral for partial retirement obligations.