BMW 2012 Annual Report Download - page 128

128
78 GROUP FINANCIAL STATEMENTS
78 Income Statements
78 Statement of
Comprehensive Income
80 Balance Sheets
82 Cash Flow Statements
84 Group Statement of Changes
in Equity
86 Notes
86 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 2012 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Trade payables 6,424 9 – 6,433
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
39
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 2012. In ac-
cordance 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 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 to € 6,702 million (2011: € 5,488 million).
in € million 31. 12. 2012 31. 12 . 20 11
Total thereof Total thereof
due within due within
one year one year
Deferred income from lease financing 1,743 791 1,564 731
Deferred income relating to service contracts 2,478 615 2,203 570
Grants 196 28 223 35
Other deferred income 95 62 78 75
Deferred income 4,512 1,496 4,068 1,411
Deferred income comprises the following items: