BMW 2001 Annual Report Download - page 86
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Other deferred income includes euro 82 million
(2000: euro 54 million) of grants received from third
parties, primarily for capital expenditure. In accor-
dance with IAS 20 (Accounting for Government
Grants and Disclosure of Government Assistance),
they are recognised as income over the useful lives
of the assets to which they relate.
85
Deferred income consists of:
[32]Deferred income
in euro million 31.12.2001 31.12.2000
Total thereof Total thereof
due within due within
1 year 1 year
Deferred income from lease financing 406 382 434 174
Other deferred income 171 57 162 45
577 439 596 219
31. December 2000
in euro million Maturity Maturity Maturity
within 1 year between 1 later than Total
and 5 years 5 years
Taxes 378 3 381
Social security 102 1 103
Employees 96 96
Advance payments received from customers 206 1 207
Deposits received 50 107 157
Interest 262 262
Subsidiaries 264 264
Fair values of derivative financial instruments 802 745 35 1,582
Liabilities to associated and other companies
in which an investment is held
Sundry other liabilities 728 258 60 1,046
2,888 1,115 95 4,098