Note 16 - Inventories
2011 2010
    DKK million DKK million  
Raw materials and consumables 268  216 
Work in progress 361  402 
Finished goods   1,112  1,022   
Inventories at December 31 1,741  1,640 
Cost of materials, included under Cost of goods sold, is DKK 2,546 million (2010: DKK 2,217 million).
Expensed write-downs on inventories 72  50 
Reversal of write-downs on inventories 50  48 
Some of the reversal of write-downs can be attributed to written-down inventories being reused in production.