2014
£000
2013
£000
Stock and work in progress90,27544,736

During the year a total of £24,126,000 (2013: £23,431,000) of inventories was included in the Group Income Statement as an expense. The Group conducted a review of the net realisable value of its land bank in view of current market conditions. Where the estimated future net realisable value of the site is less than the carrying value within the Group Statement of Financial Position, the Group has impaired the land value. This has resulted in an impairment of £nil (2013: £1.5 million). Included in the value of inventories above is £13.6 million (2013: £18.2 million) which is carried at fair value less costs to sell (net realisable value). The amount of inventories pledged as security against borrowings is £61.1 million (2013: £29.5 million).