BMW 2008 Annual Report Download - page 99
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100
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
in euro million 31.12. 2008 31.12. 2007
Gross carrying amount 268 267
Allowance for impairment 1 5 7
Net carrying amount 253 260
in euro million 31.12. 2008 31.12. 2007
Fixed income securities
due within three months – –
due later than three months 620 1,082
Sundry marketable securities
due within three months 1 1
due later than three months – 9
Debt securities 621 1,092
2008 Allowance for impairment recognised on a Total
in euro million specific item basis group basis
Balance at January 1 6 7
Allocated / reversed 28 – 5 23
Utilised –15 –1 – 16
Exchange rate impact and other changes 1 – 1
Balance at December 1 5 – 1 5
2007 Allowance for impairment recognised on a Total
in euro million specific item basis group basis
Balance at January 1 4 5
Allocated / reversed – 12 12
Utilised – – 9 – 9
Exchange rate impact and other changes – –1 –1
Balance at December 1 6 7
The contracted maturities of debt securities are as follows:
Obligations resulting from pre-retirement part-time work
arrangements were previously secured by investment
funds maintained with the Deutsche Treuinvest Stiftung,
Frankfurt am Main. In , these investment funds were
transferred to the newly founded BMW Trust e. V., Munich,
in conjunction with a Contractual Trust Arrangement (CTA).
The value of the investment funds that exceeds the obli-
gations for pre-retirement part-time work arrangements
(settlement arrears) amounting to euro million is reported
under other financial assets.
Allowance for impairment and credit risk
Receivables relating to the credit card business comprise the following:
Allowances for impairment losses on receivables relating to credit card business developed as following: