Finished goods and goods for resale24,33316,592

Charges in finished goods recognised as cost of sales in the year amounted to £46,797,000 (2016: £30,999,000). The write-down or reversal of inventories to net realisable value amounted to a write-down of £212,000 (2016: write-down of £67,000). The write-downs and reversals are included in cost of sales. The provision made against inventories at the year end was £814,000 (2016: £931,000).

Estimates are made of the net realisable value of inventory at the year end. In some circumstances, inventory is subsequently sold in excess of the net realisable value determined, which results in a reversal of the write-down.