12 Inventories
2019 | 2018 | |
Raw materials and consumables | 524 | 509 |
Intermediates and finished goods | 1,576 | 1,574 |
2,100 | 2,083 | |
Adjustments to lower net realizable value | (81) | (90) |
Total | 2,019 | 1,993 |
The carrying amount of inventories adjusted to net realizable value was €272 million (2018: €271 million).
Changes in the adjustment to net realizable value
2019 | 2018 | |
Balance at 1 January | (90) | (61) |
Additions charged to income statement | (66) | (97) |
Utilization/reversals | 76 | 69 |
Exchange differences | (1) | (1) |
Balance at 31 December | (81) | (90) |