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15. Inventories

  2008
£m
2007
£m
Raw materials 315 264
Work in progress 242 176
Finished goods 161 112
  718 552

Inventories of £64 million (2007 – £51 million) are carried at net realisable value. The amount of any write-down of inventory recognised as an expense in the period was £4 million (2007 – £2 million).