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|
| ||
€ million |
Dec. 31, 2012 |
Dec. 31, 2011 | ||
---|---|---|---|---|
Raw materials, consumables and supplies |
3,506 |
3,429 | ||
Work in progress |
3,504 |
3,324 | ||
Finished goods and purchased merchandise |
18,015 |
17,383 | ||
Current leasing and rental assets |
3,477 |
3,204 | ||
Payments on account |
172 |
210 | ||
|
28,674 |
27,551 |
Of the total inventories, €3,576 million (previous year: €2,543 million) is recognized at net realizable value. At the same time as the relevant revenue was recognized, inventories in the amount of €150,121 million were included in cost of sales (previous year: €124,813 million). Valuation allowances recognized as expenses in the reporting period amounted to €748 million (previous year: €333 million). Vehicles amounting to €260 million (previous year: €227 million) were assigned as collateral for partial retirement obligations.