|
EURm |
|
2017 |
|
2016 |
|
Raw materials, supplies and other |
|
271 |
|
268 |
|
Work in progress |
|
1 166 |
|
1 159 |
|
Finished goods |
|
1 209 |
|
1 079 |
|
Total |
|
2 646 |
|
2 506 |
The cost of inventories recognized as an expense during the year and included in the cost of sales is EUR 7 803 million (EUR 7 636 million in 2016 and EUR 3 132 million in 2015).
Movements in allowances for excess and obsolete inventory for the years ended December 31:
|
EURm |
|
2017 |
|
2016 |
|
2015 |
|
As of January 1 |
|
456 |
|
195 |
|
204 |
|
Charged to income statement |
|
100 |
|
354 |
|
71 |
|
Deductions(1) |
|
(124) |
|
(93) |
|
(80) |
|
As of December 31 |
|
432 |
|
456 |
|
195 |
|
(1) |
Deductions include utilization and releases of allowances. |