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.