BMW 2001 Annual Report Download - page 76

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75
Receivables from subsidiaries include trade re-
ceivables of euro 177 million (2000: euro 86 million)
and financial receivables of euro 628 million (2000:
euro 337 million). The increase in receivables from
subsidiaries is primarily attributable to financing the
expansion of non-consolidated subsidiaries.
Miscellaneous assets comprise mainly the pre-
sent value of the receivable from the sale of Land
Rover amounting to euro 738 million (2000: euro
Current marketable securities comprise:
774 million), tax receivables of euro 447 million
(2000: euro 674 million) and the fair values of
derivative financial instruments of euro 992 million
(2000: euro 415 million). In addition, as in the previ-
ous year, this position includes deferred interest
receivable, receivables from employees and the
excess of pension fund assets over pension
obligations.
[23]Marketable
securities
in euro million 31.12. 2001 31.12.2000
Receivables from subsidiaries 805 423
 thereof with a maturity of more than one year: euro 87 million (2000: euro 61 million)
Receivables from associated and other companies in which an investment is held 250 185
 thereof with a maturity of more than one year: euro  million (2000: euro  million)
Miscellaneous assets 3,153 2,916
 thereof with a maturity of more than one year: euro 414 million (2000: euro 1,108 million)
4,208 3,524
in euro million 31.12. 2001 31.12.2000
Stocks 278 197
Investment funds 24
Fixed income securities 542 495
Notes receivable 5 5
Sundry marketable securities 58 100
907 797