BMW 2011 Annual Report Download - page 128

128
76 GROUP FINANCIAL STATEMENTS
76 Income Statements
76 Statement of
Comprehensive Income
78 Balance Sheets
80 Cash Flow Statements
82 Group Statement of Changes
in Equity
84 Notes
84 Accounting Principles
and Policies
100 Notes to the Income
Statement
107 Notes to the Statement
of Comprehensive Income
108
Notes to the Balance Sheet
129 Other Disclosures
145 Segment Information
31 December 2011 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Trade payables 5,295 43 2 5,340
31 December 2010 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Trade payables 4,327 24 – 4,351
40
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 plants in Leipzig
and Berlin. The grants are subject to holding periods for
the assets concerned of up to five years and minimum
employment figures. All conditions attached to the grants
were complied with at 31 December 2011. In accordance
with IAS 20, grant income is recognised over the useful
lives of the assets to which they relate. Other deferred
income includes primarily the effects of the initial meas-
urement of financial instruments.
Trade payables
The total amount of financial liabilities, other liabilities and trade payables with a maturity later than five years
amounts € 5,488 million (2010: € 4,277 million).
in € million 31. 12. 2011 31. 12. 2010
To t a l thereof To t a l thereof
due within due within
one year one year
Deferred income from lease financing 1,564 731 1,273 720
Deferred income relating to service contracts 2,203 570 1,928 307
Grants 223 35 241 38
Other deferred income 78 75 68 65
Deferred income 4,068 1,411 3,510 1,130
Deferred income comprises the following items: