Downloadable PDFs and Excel tables of the Annual Report and Notice of Meeting documents are available below.

Notes to the accounts

16 Inventories

	2007 £m	2006 £m
Inventories comprise
Raw materials and consumables	114.2	164.7
Work in progress	58.0	196.3
Finished goods	158.5	218.8
	330.7	579.8
Less: payments on account	(11.0)	(21.4)
	319.7	558.4

The Group consumed £2,176.7m (2006: £2,348.3m) of inventories during the period. £13.4m (2006: £19.0m) was recognised as an expense resulting from the write-down of inventory and £4.0m (2006: £5.8m) released to the income statement from inventory provisions charged in earlier years but no longer required.

Smiths Group divisions:
Smiths Detection, Smiths Medical, Smiths Specialty Engineering