BMW 2008 Annual Report Download - page 101
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102
72 Group Financial Statements
72 Income Statements
74 Balance Sheets
76 Cash Flow Statements
78 Statement of Income and
Expenses recognised
in Equity
79 Notes
79 Accounting Principles
and Policies
88 Notes to the Income
Statement
94
Notes to the Balance Sheet
1 1 5 Other Disclosures
1 2 9 Segment Information
28
29
in euro million 31.12. 2008 31.12. 2007
Raw materials and supplies 596 632
Work in progress, unbilled contracts 803 871
Finished goods and goods for resale 5,891 5,846
Inventories 7,290 7,349
in euro million 31.12. 2008 31.12. 2007
Gross carrying amount 2,373 2,717
Allowance for impairment 68 45
Net carrying amount 2,305 2,672
2008 Allowance for impairment recognised on a Total
in euro million specific item basis group basis
Balance at January 38 7 45
Allocated / reversed 32 2 34
Utilised – 8 – 2 –10
Exchange rate impact and other changes – –1 –1
Balance at December 6 2 6 6 8
2007 Allowance for impairment recognised on a Total
in euro million specific item basis group basis
Balance at January 68 9 77
Allocated / reversed –11 2 – 9
Utilised –18 – 4 – 22
Exchange rate impact and other changes –1 – –1
Balance at December 3 8 7 4 5
Inventories
Inventories comprise the following:
At December , inventories measured at their net
realisable value amounted to euro million (: euro
million) and are included in total inventories of euro
, million (: euro , million). Write-downs to net
realisable value amounting to euro million (: euro
million) were recognised in .
Trade receivables
Trade receivables amounting in total to euro , million
(: euro , million) include euro million due later
than one year (: euro million).
Allowances on trade receivables developed as following during the year under report:
As in the previous year, there were no trade receivables
at the end of the reporting period which have been rene-
gotiated and which were otherwise overdue or otherwise
required recognition of an impairment loss.
Allowance for impairment and credit risk