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Inventories
12 Months Ended
Dec. 31, 2019
Inventories  
Inventories

 

18. Inventories

 

 

 

 

 

EURm

    

2019

    

2018

Raw materials, supplies and other

 

568

 

462

Work in progress

 

1 281

 

1 398

Finished goods

 

1 087

 

1 308

Total

 

2 936

 

3 168

The cost of inventories recognized as an expense during the year and included in the cost of sales is EUR 8 181 million (EUR 7 569 million in 2018 and EUR 7 803 million in 2017).

Movements in allowances for excess and obsolete inventory for the years ended December 31:

 

 

 

 

 

 

 

EURm

    

2019

    

2018

    

2017

As of January 1

 

521

 

432

 

456

Charged to income statement

 

83

 

153

 

100

Deductions(1)

 

(99)

 

(64)

 

(124)

As of December 31

 

505

 

521

 

432

(1)   Deductions include utilization and releases of allowances.