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18 Inventories
| All figures in £ millions | 2006 | 2005 |
|---|---|---|
| Raw materials | 26 | 23 |
| Work in progress | 28 | 43 |
| Finished goods | 300 | 307 |
| 354 | 373 |
The cost of inventories, all relating to continuing operations, recognised as an expense and included in the income statement in cost of goods sold amounted to £820m (2005: £767m). In 2006 £46m (2005: £42m) of inventory provisions were charged in the income statement. None of the inventory is pledged as security.