BMW 2014 Annual Report Download - page 148

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148
90 GROUP FINANCIAL STATEMENTS
90 Income Statements
90 Statement of
Comprehensive Income
92 Balance Sheets
94 Cash Flow Statements
96 Group Statement of Changes in
Equity
98 Notes
98 Accounting Principles and
Policies
116 Notes to the Income Statement
123 Notes to the Statement
of Comprehensive Income
124
Notes to the Balance Sheet
149 Other Disclosures
165 Segment Information
in € million 31. 12 . 2014 31. 12. 2013
Total thereof Total thereof
due within due within
one year one year
Deferred income from lease financing 1,685 780 1,774 761
Deferred income relating to service contracts 3,370 1,027 2,855 837
Grants 306 31 193 20
Other deferred income 127 56 104 48
Deferred income 5,488 1,894 4,926 1,666
Deferred income comprises the following items:
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 sector funds to promote regional structures and
which have been invested in the production plants in
Brazil, Leipzig and Berlin. The grants in Leipzig and
The total amount of financial liabilities, other liabilities and trade payables with a maturity later than five years
amounts
to 5,442 million (2013: € 3,635 million).
Berlin are
subject to holding periods for the assets con-
cerned of up to five years and minimum employment
figures. All conditions attached to the grants were com-
plied with at 31 December 2014. In accordance with
IAS 20, grant income is recognised over the useful lives
of the assets to which they relate.
31 December 2014 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Trade payables 7,580 129 7,709
31 December 2013* Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Trade payables 7,293 192 7,485
* Prior year figures have been adjusted in accordance with IAS 8, see note 9.
41
Trade payables