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Inventories
12 Months Ended
Dec. 31, 2017
Inventories  
Inventories

17. Inventories

 

 

 

 

 

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.