| 2006 £m |
2005 £m |
|
|---|---|---|
| Raw materials | 156 | 151 |
| Work in progress | 766 | 487 |
| Long-term contracts work in progress | 139 | 137 |
| Finished goods | 771 | 808 |
| Payments on account | 31 | 47 |
| 1,863 | 1,630 | |
| Progress payments received against: 1 | ||
| Long-term contracts | (18) | (13) |
| Other inventory | (398) | (308) |
| 1,447 | 1,309 | |
| Inventories stated at net realisable value | 116 | 112 |
| Amount of inventory write-down | 46 | 30 |
| Reversal of inventory write-down | 7 | 3 |
| 1 Includes payments received from joint ventures | 16 | 14 |