BMW 2008 Annual Report Download - page 113

114
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
37
 December  Maturity Maturity Maturity Total
in euro million within between one later than
one year and five years five years
Trade payables 2,525 37 – 2,562
 December  Maturity Maturity Maturity Total
in euro million within between one later than
one year and five years five years
Trade payables 3,516 35 – 3,551
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; this has been invested in the
construction of the production plant in Leipzig. In accord-
ance with IAS , they are recognised as income over
the useful lives of the assets to which they relate. Other
deferred income includes primarily the effects of the initial
measurement of financial instruments.
Trade payables
The total amount of financial liabilities, other liabilities and trade payables with a maturity later than five years amounts
euro , million (: euro , million).