Audi 2014 Annual Report Download - page 248

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
248 >>
20.2 /
CURRENT OTHER RECEIVABLES
EUR million Dec. 31, 2014 Dec. 31, 2013
Tax claims 412 276
Miscellaneous receivables 198 204
Current other receivables 610 479
21 / INVENTORIES
EUR million Dec. 31, 2014 Dec. 31, 2013
Raw materials and supplies 553 490
Work and services in progress 623 579
Finished goods and products 3,239 2,757
Current leased assets 656 670
Inventories 5,071 4,495
Inventories amounting to EUR 39,831 (36,559) million were
recorded as cost of goods sold at the same time that the reve-
nue from them was realized. EUR 1,318 (912) million of the
total inventories was capitalized at the net realizable value.
The impairment resulting from the measurement of inventories
on the basis of sales markets amounted to EUR 83 (55) million.
No reversals of impairment losses were performed in the fiscal
year.
Of the finished goods inventory, a portion of the company car
fleet valued at EUR 206 (219) million has been pledged as
collateral for commitments toward employees, under the
partial retirement block model. The other reported inventories
are not subject to any significant restrictions on ownership or
disposal.
Leased vehicles with an operate lease term of up to one
year were reported under inventories in the amount of
EUR 656 (670) million. In the 2015 fiscal year, payments in
the amount of EUR 44 million are expected from non-
cancelable leasing relationships.
22 / TRADE RECEIVABLES
Trade receivables of EUR 3,648 (3,176) million will be realized
within the next twelve months. Impairment losses on trade
receivables are detailed under Note 36.2, “Credit risks.”
23 / EFFECTIVE INCOME TAX ASSETS
Entitlements to income tax rebates, predominantly for foreign
Group companies, are reported under this item.
24 / SECURITIES, CASH AND CASH EQUIVALENTS
Securities include fixed or variable-interest securities and
shares in equity in the amount of EUR 3,370 (2,400) million.
Cash funds essentially comprise credit balances with banks and
affiliated companies amounting to EUR 11,391 (13,332) million.
The credit balances with banks amounting to
EUR 787 (709) million are held at various banks in different
currencies. Balances with affiliated companies include daily
and short-term investments with only marginal risk of fluctua-
tions in value and amount to EUR 10,555 (12,622) million.
25 / EQUITY
Information on the composition and development of equity is
provided on pages 220 and 221 in the Statement of Changes
in Equity.
The share capital of AUDI AG is unchanged, at EUR 110,080,000.
One share represents a notional share of EUR 2.56 of the sub-
scribed capital. This capital is divided into 43,000,000 no-par
bearer shares.