BMW 2003 Annual Report Download - page 90
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89
Receivables from sales financing
Receivables from sales financing comprise euro
16,423 million (2002: euro 14,847 million) for loan
financing for customers and dealers and out-
The amount of contingent rents recognised
as income, generally relating to the distance driven,
was not material. Write-downs on finance leases
standing instalments on operating leases as well
as euro 5,527 million (2002: euro 4,646 million) for
finance leases. Finance leases are analysed as
follows:
amounting to euro 117 million (2002: euro 87 mil-
lion) were computed and recognised on the basis of
specific credit risks.
[25]Receivables and
other assets
in euro million 31.12. 2003 31.12. 2002
Trade receivables 2,257 1,818
–thereof with a maturity of more than one year: euro 1 million (2002: euro 14 million)
Receivables from sales financing 21,950 19,493
–thereof with a maturity of more than one year: euro 13,330 million
(2002: euro 13,052 million)
Other receivables 7,184 6,056
–thereof with a maturity of more than one year: euro 3,090 million
(2002: euro 2,455 million)
31,391 27,367
in euro million 31.12. 2003 31.12. 2002
Gross investment in finance leases
due within one year 2,442 1,968
due between one and five years 3,735 3,298
due later than five years 11 20
6,188 5,286
Present value of future minimum lease payments
due within one year 2,226 1,755
due between one and five years 3,291 2,873
due later than five years 10 18
5,527 4,646
Unrealised interest income 661 640