3. Liquid Assets 4. Inventories 5. Trade Receivables and other Receivables Inventories are divided into the following main categories: Of the total amount of reported inventories, the amount of  € 57.5 million (previous year: € 29.7 million) is stated at its net  realizable value.  The present value of this item corresponds to the book value. As a rule, receivables are due within one year.  There were no receivables due from management or supervisory bodies.  Liquid assets amounted to € 369.3 million (previous year:  € 190.6 million) as at 31 December 2004; in addition to cash, this item largely includes fixed-term deposits and money market funds. There were no restraints on disposal. Foreword | Mission | Management Report | Share | Marketing |  Consolidated Financial Statements - IFRS - | Report of Supervisory Board | Board of Management 73 Raw materials and supplies 0.5 1.2 Finished goods and merchandise Footwear 106.9 95.8 Apparel 71.9 58.6 Accessories/Others 18.2 13.3 Goods in transit 54.1 70.7 Inventories, gross 251.6 239.5 Value adjustments -50.5 -43.3 Inventories, gross 201.1 196.2 Dec. 31, 2004 Dec. 31, 2003 € million € million Trade receivables 188.2 171.4 Other receivables 16.0 16.1 Prepaid expenses 5.5 4.9 Receivables, gross 209.7 192.4 Value adjustments  -20.1 -16.8 Receivables, net 189.6 175.6 Dec. 31, 2004 Dec. 31, 2003 € million € million Receivables consist of the following: 