BMW 2006 Annual Report Download - page 91
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90 Group Financial Statements
65 Group Financial Statements
65 Income Statements
66 Balance Sheets
68 Cash Flow Statements
70 Group Statement of
Changes in Equity
71 Statement of Income and
Expenses recognised directly
in Equity
72 Notes
72 – Accounting Principles
and Policies
79 – Notes to the Income Statement
86 – Notes to the Balance Sheet
104 – Other Disclosures
111 – Segment Information
Receivables from sales financing
Receivables from sales financing, totalling euro
30,368 million (2005: euro 29,053 million), comprise
euro 23,038 million (2005: euro 22,301 million) for
Contingent rents recognised as income, generally
relating to the distance driven, amounted to euro 7
million (2005: euro 4 million). Write-downs on finance
leases amounting to euro 60 million (2005: euro 46
million) were measured and recognised on the basis
of specific credit risks.
loan financing for retail customers and dealers and
euro 7,330 million (2005: euro 6,752 million) for
finance leases. Finance leases are analysed as
follows:
Receivables from sales financing include euro
17,865 million (2005: euro 17,202 million) with a re-
maining term of more than one year.
In the case of investments in other companies,
the changes in 2006 related to the disposal of shares
in Rolls-Royce plc, London, following the exercise of
the conversion option relating to exchangeable bond
issued by the BMW Group on shares in Rolls-Royce
plc, London.
A break-down of the different classes of other
investments disclosed in the balance sheet and
changes during the year are shown in the analysis
of changes in Group tangible, intangible and invest-
ment assets on pages 86 and 87.
in euro million 31.12.2006 31.12.2005
in euro million 31.12.2006 31.12.2005
Financial assets
Financial assets comprise:
Gross investment in finance leases
due within one year 3,029 2,771
due between one and five years 5,192 4,773
due later than five years 6 3
8,227 7,547
Present value of future minimum lease payments
due within one year 2,758 2,511
due between one and five years 4,567 4,238
due later than five years 5 3
7,330 6,752
Unrealised interest income 897 795
Interest and currency derivatives 1,321 806
Marketable securities and investment funds 2,034 2,074
Loans to third parties 67 90
Credit card receivables 239 221
Other 289 105
3,950 3,296
thereof non-current 816 642
thereof current 3,134 2,654
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