Notes to the Consolidated Financial Statements
Notes 16-20
- 16. Inventory
- 17. Trade and other receivables
- 18. Cash and cash equivalents
- 19. Called up share capital
- 20. Share-based payments
16. Inventory
| 2008 £m |
2007 £m |
|
|---|---|---|
| Goods held for resale | 417 | 288 |
Inventory is reported net of allowances for obsolescence, an analysis of which is as follows:
| 2008 £m |
2007 £m |
2006 £m |
|
|---|---|---|---|
| 1 April | 100 | 97 | 121 |
| Transfer in respect of discontinued operations | – | – | (40) |
| Exchange movements | 11 | (2) | 1 |
| Amounts charged to the income statement | 7 | 5 | 15 |
| 31 March | 118 | 100 | 97 |
Cost of sales includes amounts related to inventory amounting to £4,320 million (2007: £3,797 million; 2006: £3,662 million).