BMW 2015 Annual Report Download - page 145

145 GROUP FINANCIAL STATEMENTS
31 December 2014 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Other taxes 929 – 14 943
Social security 69 7 2 78
Advance payments from customers 460 105 – 565
Deposits received 415 348 5 768
Payables to subsidiaries 162 – – 162
Payables to other companies in which an investment is held 5 – – 5
Deferred income 1,894 3,373 221 5,488
Other 3,841 193 7 4,041
Other liabilities 7,775 4,026 249 12,050
31 December 2015 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Other taxes 1,080 – – 1,080
Social security 71 17 1 89
Advance payments from customers 681 121 – 802
Deposits received 492 374 5 871
Payables to subsidiaries 86 – – 86
Payables to other companies in which an investment is held 107 – – 107
Deferred income 2,399 3,640 215 6,254
Other 4,292 176 10 4,478
Other liabilities 9,208 4,328 231 13,767
Other liabilities
Other liabilities comprise the following items:
39
in € million 31. 12. 2015 31. 12. 2014
To t a l thereof To t a l thereof
due within due within
one year one year
Deferred income from lease financing 1,922 915 1,685 780
Deferred income relating to service contracts 3,910 1,397 3,370 1,027
Grants 299 32 306 31
Other deferred income 123 55 127 56
Deferred income 6,254 2,399 5,488 1,894
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
which have been invested in the production plants in
Brazil, Leipzig and Berlin. The grants for the two Ger-
man sites mentioned are subject to holding periods
for the assets concerned of up to five years and mini-
mum employment figures. All conditions attached to
the grants were complied with at 31 December 2015.
In accordance with IAS 20, grant income is recog-
nised over the useful lives of the assets to which they
relate.