BMW 2007 Annual Report Download - page 118

116 Group Financial Statements
73 Group Financial Statements
73 Income Statements
74 Balance Sheets
76 Cash Flow Statements
78 Group Statement of Changes
in Equity
79 Statement of Income and
Expenses recognised directly
in Equity
80 Notes
80 – Accounting Principles
and Policies
89 – Notes to the Income
Statement
96 – Notes to the Balance Sheet
117 – Other Disclosures
131 – Segment Information
Deferred income comprises the following items:
Deferred income relating to service contracts relates
to service and repair work to be provided under
commitments given at the time of the sale of a vehicle
(multi-component arrangements). Grants comprise
primarily public funds to promote regional structures;
Trade payables
this has been invested in the construction of the pro-
duction plant in Leipzig. In accordance with IAS 20,
they are recognised as income over the useful lives
of the assets to which they relate.
The total amount of financial liabilities, other liabilities
and trade payables with a maturity later than five years
amounts to euro 5,110 million (2006: euro 4,139 mil-
lion).
in euro million 31.12.2007 31.12. 2006
Total thereof Total thereof
due within due within
one year one year
Deferred income from lease financing 977 580 763 484
Deferred income relating to service contracts 1,433 317 1,295 266
Grants 358 49 412 60
Other deferred income 76 56 107 99
2,844 1,002 2,577 909
31 December 2007
in euro million Maturity Maturity Maturity Total
within between one later than
one year and five years five years
Trade payables 3,516 35 – 3,551
31 December 2006
in euro million Maturity Maturity Maturity Total
within between one later than
one year and five years five years
Trade payables 3,624 74 39 3,737
[36]