BMW 2002 Annual Report Download - page 81

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80
to euro 2,278 million (2001: euro 992 million) and tax
receivables of euro 932 million (2001: euro 447 mil-
lion). Miscellaneous assets also include the present
value of the receivable, due on 30 June 2005, from
Ford Motor Company, Dearborn, Mich., relating to
the sale of Land Rover amounting to euro 807 mil-
lion (2001: euro 738 million). The increase in the fair
values of derivative financial instruments is
attribut-
able mainly to favourable fair value changes
of cur-
Current marketable securities comprise:
The contracted maturities of debt securities are as follows:
rency hedges.The increase in tax
receivables relates
primarily to the Job Creation and
Worker Assistance
Act of 2002 in the
USA
, which allows, in particular,
increased depreciation for tax purposes and an
extended carryback of tax losses for offset against
taxable profits of earlier years. In addition, as in the
previous year, this position includes receivables from
employees, receivables from credit card business
and interest receivable.
001 BMW Group in figures
004 Report of the Supervisory Board
008 Supervisory Board
011 Board of Management
012 Group Management Report
031 BMW Stock
034 Corporate Governance
042 Group Financial Statements
106 BMW AG Financial Statements
112 BMW Group Annual Comparison
114 BMW Group Locations
116 Glossary
120 Index
in euro million 31.12. 2002 31.12. 2001
Fixed income securities
due within 3 months 4 9
due later than 3 months 622 533
Notes receivable
due within 3 months
due later than 3 months 5
Sundry marketable securities
due within 3 months 37 25
due later than 3 months 32 33
695 605
[25]Marketable
securities in euro million 31.12. 2002 31.12. 2001
Stocks 348 278
Investment funds 62 24
Fixed income securities 626 542
Notes receivable 5
Sundry marketable securities 69 58
1,105 907