20 Inventories

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€ million

 

Dec. 31, 2015

 

Dec. 31, 2014

 

 

 

 

 

Raw materials, consumables and supplies

 

4,021

 

3,941

Work in progress

 

3,927

 

3,552

Finished goods and purchased merchandise

 

23,083

 

20,156

Current lease assets

 

3,861

 

3,679

Prepayments

 

156

 

139

 

 

35,048

 

31,466

At the same time as the relevant revenue was recognized, inventories in the amount of €162,353 million (previous year: €158,108 million) were included in cost of sales. Valuation allowances recognized as expenses in the reporting period amounted to €932 million (previous year: €785 million). Vehicles amounting to €230 million (previous year: €207 million) were assigned as collateral for partial retirement obligations.