BMW 2010 Annual Report Download - page 106

104
74 GROUP FINANCIAL STATEMENTS
74 Income Statements
74 Statement of
Comprehensive Income
76 Balance Sheets
78 Cash Flow Statements
80 Group Statement of Changes
in Equity
81 Notes
81 Accounting Principles
and Policies
89 Notes to the Income
Statement
95 Notes to the Statement
of Comprehensive Income
96 Notes to the Balance Sheet
117 Other Disclosures
133 Segment Information
in euro million 31. 12. 2010 31. 12. 2009
Raw materials and supplies 663 536
Work in progress, unbilled contracts 683 542
Finished goods and goods for resale 6,420 5,477
Inventories 7,766 6,555
in euro million 31. 12. 2010 31. 12. 2009
Gross carrying amount 2,424 1,942
Allowance for impairment – 95 – 85
Net carrying amount 2,329 1,857
2010 Allowance for impairment recognised on a Total
in euro million specific item basis group basis
Balance at 1 January 76 9 85
Allocated / reversed 17 3 20
Utilised –12 –1 –13
Exchange rate impact and other changes 2 1 3
Balance at 31 December 83 12 95
2009 Allowance for impairment recognised on a Total
in euro million specific item basis group basis
Balance at 1 January* 62 7 69
Allocated / reversed 31 3 34
Utilised –17 – 2 –19
Exchange rate impact and other changes – 1 1
Balance at 31 December 76 9 85
* including entities consolidated for the first time during the financial year
27
28
Inventories
Inventories comprise the following:
At 31 December 2010, inventories measured at their net
realisable value amounted to euro 416 million (2009:
euro 355 million) and are included in total inventories of
euro 7,766 million (2009: euro 6,555 million). Write-
downs to net realisable value amounting to euro 18 mil-
lion (2009: euro 58 million) were recognised in 2010.
Trade receivables
Trade receivables amounting in total to euro 2,329 million (2009: euro 1,857 million) include euro 41 million due later
than one year (2009: euro 40 million).
Allowances on trade receivables developed as follows during the year under report:
As at the end of the previous year, there were no trade
receivables at the balance sheet date which have been re-
negotiated and which were otherwise overdue or required
recognition of an impairment loss.
Allowance for impairment and credit risk