20 Inventories

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€ million

 

Dec. 31, 2016

 

Dec. 31, 2015

 

 

 

 

 

Raw materials, consumables and supplies

 

4,396

 

4,021

Work in progress

 

4,408

 

3,927

Finished goods and purchased merchandise

 

25,719

 

23,083

Current lease assets

 

4,276

 

3,861

Prepayments

 

178

 

156

 

 

38,978

 

35,048

At the same time as the relevant revenue was recognized, inventories in the amount of €166 billion (previous year: €162 billion) were included in cost of sales. Valuation allowances recognized as expenses in the reporting period amounted to €1,310 million (previous year: €932 million). Vehicles amounting to €263 million (previous year: €230 million) were assigned as collateral for partial retirement obligations.