Notes to the consolidated financial statements

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31 March

 

2010
£m

2009
£m

Raw materials and consumables

202

227

Work in progress

19

24

Finished goods

188

287

Total

409

538

Finished goods inventories of £2 million (2009 – £1 million) are carried at realisable value, this being lower than cost. Inventories of £60 million (2009 – £99 million) are carried at market value.

The Group has recognised an impairment charge of £4 million against finished goods inventories at its sugar refining business in Israel, which has been included in exceptional items. The sugar refining business in Israel is reported in the Sugars segment.