20 Inventories

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€ million

 

Dec. 31, 2019

 

Dec. 31, 2018

 

 

 

 

 

Raw materials, consumables and supplies

 

6,099

 

5,543

Work in progress

 

4,110

 

4,382

Finished goods and purchased merchandise

 

30,617

 

30,553

Current lease assets

 

5,699

 

5,107

Prepayments

 

222

 

168

Hedges on inventories

 

−6

 

−8

 

 

46,742

 

45,745

At the same time as the relevant revenue was recognized, inventories in the amount of €192 billion (previous year: €179 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €672 million (previous year: €902 million). Vehicles amounting to €340 million (previous year: €316 million) were assigned as collateral for partial retirement obligations.