Notes to the consolidated
financial statements
16. Inventory
| 2010 £m | 2009 £m |
|
|---|---|---|
| Goods held for resale | 433 | 412 |
Inventory is reported net of allowances for obsolescence, an analysis of which is as follows:
| 2010 £m | 2009 £m | 2008 £m |
|
|---|---|---|---|
| 1 April | 111 | 118 | 100 |
| Exchange movements | 5 | 13 | 11 |
| Amounts charged /(credited) to the income statement | 4 | (20) | 7 |
| 31 March | 120 | 111 | 118 |
Cost of sales includes amounts related to inventory amounting to £5,268 million (2009: £4,853 million; 2008: £4,320 million).
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