Notes to the accounts
13. Inventories
| 2008 $m |
2007 $m |
|
|---|---|---|
| Raw materials | 16.7 | 9.4 |
| Finished goods | 1,428.8 | 1,341.2 |
| 1,445.5 | 1,350.6 |
Subsidiary undertakings held $221.5 million of consignment inventory at 2 February 2008 (2007: $205.7 million) which is not recorded on the balance sheet. The principal terms of the consignment agreements, which can generally be terminated by either side, are such that the Group can return any or all of the stocks to the relevant suppliers without financial or commercial penalties.
Inventory provisions
| Balance at beginning of period $m |
Charged to profit $m |
Utilised(1) $m |
Balance at end of period $m |
|
|---|---|---|---|---|
| 52 weeks ended 28 January 2006 | 10.7 | 23.2 | (23.3) | 10.6 |
| 53 weeks ended 3 February 2007 | 10.6 | 28.0 | (23.9) | 14.7 |
| 52 weeks ended 2 February 2008 | 14.7 | 39.6 | (36.8) | 17.5 |
(1)Including the impact of foreign exchange translation.
Inventory provisions have been made for obsolete, slow-moving and damaged stock on a consistent basis.