Chrysler 2012 Annual Report Download - page 170

169
Consolidated
Financial Statements
at 31 December 2012
The amount of inventories of Chrysler at 31 December 2012 is €4,200 million (€4,170 million at 31 December 2011). Substantially all of the inventories of
Chrysler Group LLC and its U.S. subsidiary guarantors are pledged as securities for certain debt outstanding (see Note 28).
The amount due from customers for contract work relates to the Production Systems and can be analysed as follows:
(€ million) At 31 December 2012 At 31 December 2011
Aggregate amount of costs incurred and recognised profits (less recognised losses) to date 1,482 1,294
Less: Progress billings (1,477) (1,230)
Construction contracts, net of advances on contract work 564
Gross amount due from customers for contract work as an asset 183 174
Less: Gross amount due to customers for contract work as a liability included in Other current liabilities (Note 30) (178) (110)
Construction contracts, net of advances on contract work 564
At 31 December 2012 and 2011, the amount of retentions by customers on contract work in progress was not significant.
19. Current receivables and Other current assets
The composition of the Current receivables and Other current assets is as follows:
(€ million) At 31 December 2012 At 31 December 2011
Trade receivables 2,702 2,625
Receivables from financing activities 3,727 3,968
Current tax receivables 236 369
Other current assets:
Other current receivables 1,776 1,710
Accrued income and prepaid expenses 387 378
Total Other current assets 2,163 2,088
Total Current receivables and Other current assets 8,828 9,050
The analysis by due date is as follows:
At 31 December 2012 At 31 December 2011
(€ million)
due within
one year
due between
one and
five years
due beyond
five years Total
due within
one year
due between
one and
five years
due beyond
five years Total
Trade receivables 2,660 42 - 2,702 2,567 57 1 2,625
Receivables from financing activities 2,688 1,014 25 3,727 2,943 1,001 24 3,968
Current tax receivables 145 27 64 236 283 15 71 369
Other current receivables 1,416 326 34 1,776 1,340 351 19 1,710
Total Current receivables 6,909 1,409 123 8,441 7,133 1,424 115 8,672