BMW 2003 Annual Report Download - page 103
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001 BMW Group in figures
004 Report of the Supervisory Board
008 Supervisory Board
011 Board of Management
012 Group Management Report
12 A Review of the Financial Year
29 Outlook
30 Financial Analysis
44 Risk Management
047 BMW Stock
050 Corporate Governance
054 Group Financial Statements
118 BMW AG Principal Subsidiaries
120 BMW Group10-year Comparison
122 BMW Group Locations
124 Glossary, Index
102
Other deferred income includes euro 280 mil-
lion (2002: euro 165 million) of grants received from
third parties, primarily for investment purposes. In
accordance with IAS 20, they are recognised as
income over the useful lives of the assets to which
they relate. The increase in other deferred income
is attributable mainly to the receipt of investment
grants for the new BMW plant in Leipzig. The con-
ditions attached to the grant have been fulfilled.
Deferred income comprise the following items:
[35]Deferred income
The total amount of liabilities due later than
five years amounts to euro 1,647 million (2002:
euro 2,638 million).
in euro million 31.12.2003 31. 12. 2002
To tal thereof To tal thereof
due within due within
one year one year
Deferred income from lease financing 416 277 399 242
Other deferred income 431 129 265 111
847 406 664 353
31 December 2002
in euro million Maturity Maturity Maturity Total
within between one later than
one year and five years five years
Ta x es payable 279 3 – 282
Social security 109 1 – 110
Employees 18 – – 18
Advance payments from customers 247 – – 247
Deposits received 50 116 – 166
Interest 151 – – 151
Subsidiaries 138 – – 138
Fair values of derivative financial instruments 180 130 24 334
Liabilities to associated and other companies
in which an investment is held 10 – – 10
Sundry other liabilities 443 542 46 1,031
1,625 792 70 2,487