Annual Report and Accounts 2006

Notes to the Financial Statements

19. Inventories

2006
£m
2005
£m
2004
£m
Raw materials and consumables 230 210 228
Work in progress 67 66 60
Finished goods and goods for resale 431 437 421
728 713 709

The cost of inventories recognised as an expense for the period ended 31 December 2006 total £3,666 million (2005: £3,046 million; 2004: £2,534 million).