BMW 2013 Annual Report Download - page 129
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129 GROUP FINANCIAL STATEMENTS
Income tax assets
Income tax assets totalling € 1,151 million (2012:
€ 966 million) include claims amounting to € 530 mil-
lion (2012: € 638 million) which are expected to be
settled after more than twelve months. Some of the
claims may be settled earlier than this depending on
the timing of proceedings.
28
in € million 31. 12. 2013 31. 12. 2012*
Other taxes 867 796
Receivables from subsidiaries 779 738
Receivables from other companies in which an investment is held 999 676
Prepayments 1,074 1,043
Collateral receivables 706 555
Sundry other assets 794 659
Other assets 5,219 4,467
thereof non-current 954 803
thereof current 4,265 3,664
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Other assets
Other assets comprise:
Receivables from subsidiaries include trade receivables
of € 102 million (2012: € 189 million) and financial
re-
ceivables of € 677 million (2012: € 549 million). They in-
clude € 253 million (2012: € 178 million) with a remaining
term of more than one year.
Receivables from other companies in which an invest-
ment is held include € 911 million (2012: € 608 million)
due within one year.
Prepayments of € 1,074 million (2012*: € 1,043 million) re-
late mainly to prepaid interest, insurance premiums and
commission paid to dealers. Prepayments of € 565 million
(2012*: € 588 million) have a maturity of less than one year.
Collateral receivables comprise mainly customary collat-
eral (banking deposits) arising on the sale of receivables.
in € million 31. 12. 2013 31. 12. 2012
Raw materials and supplies 843 786
Work in progress, unbilled contracts 850 827
Finished goods and goods for resale 7,892 8,112
Inventories 9,585 9,725
30
Inventories
Inventories comprise the following:
At 31 December 2013, inventories measured at their
net realisable value amounted to € 592 million (2012:
€ 639 million) and are included in total inventories of
€ 9,585 million (2012: € 9,725 million). Write-downs
to
net realisable value amounting to € 28 million (2012:
€ 21 million) were recognised in 2013. Reversals of write-
downs in the year under report amounted to € 4 million
(2012: € – million).
* Prior year figures have been adjusted in accordance with the revised version of IAS 19,
see note 7.