GKN PLC

Annual Report and Accounts
for the year ended 31 December 2007

14 Inventories

 

2007
£m
2006
£m
Raw materials 264 211
Work in progress 176 151
Finished goods 112 108
552 470

Inventories of £51 million (2006 – £55 million) are carried at net realisable value. The amount of any write-down of inventory recognised as an expense in the period was £2 million (2006 – £1 million).

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