BMW 2010 Annual Report Download - page 118

116
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
31 December 2010 Maturity Maturity Maturity Total
in euro million within between one later than
one year and five years five years
Trade payables 4,327 24 – 4,351
31 December 2009 Maturity Maturity Maturity Total
in euro million within between one later than
one year and five years five years
Trade payables 3,106 16 – 3,122
36
Deferred income relating to service contracts relates to
service and repair work to be provided under commit-
ments given at the time of the sale of a vehicle (multi-
component arrangements). Grants comprise primarily
public funds to promote regional structures and which
have been invested in the production plant in Leipzig.
Inaccordance with IAS 20, 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 4,277 million (2009: euro 5,372 million).
in euro million 31. 12. 2010 31. 12. 2009
To t a l thereof To t a l thereof
due within due within
one year one year
Deferred income from lease financing 1,273 720 1,082 658
Deferred income relating to service contracts 1,928 307 1,602 345
Grants 241 38 276 46
Other deferred income 68 65 174 60
Deferred income 3,510 1,130 3,134 1,109
Deferred income comprises the following items: