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Financial statements and notes to the accountsRolls-Royce
Notes to the financial statements




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14 Stocks
  2003
£m
2002
£m
Raw materials 156 187
Work in progress 369 385
Long-term contracts work in progress 117 105
Finished goods 596 755
Payments on account 29 27
  1,267 1,459
Progress payments received against: 1
Long-term contracts (142) (122)
Other stocks (163) (179)
  962 1,158

1 Includes payments received from joint ventures
(16) (18)