Chrysler 2013 Annual Report Download - page 178

177
Consolidated
Financial Statements
at 31 December 2013
The amount due from customers for contract work relates to the design and production of industrial automation systems and related products
for the automotive sector and can be analyzed as follows:
(€ million) At 31 December 2013 At 31 December 2012
Aggregate amount of costs incurred and recognized profits (less recognized losses) to date 1,514 1,482
Less: Progress billings (1,608) (1,477)
Construction contracts, net of advances on contract work (94) 5
Gross amount due from customers for contract work as an asset 118 183
Less: Gross amount due to customers for contract work as a liability included in Other current liabilities (Note 29) (212) (178)
Construction contracts, net of advances on contract work (94) 5
18. Current receivables and Other current assets
The composition of the Current receivables and Other current assets is as follows:
(€ million) At 31 December 2013 At 31 December 2012
Trade receivables 2,406 2,702
Receivables from financing activities 3,671 3,727
Current tax receivables 291 236
Other current assets:
Other current receivables 1,860 1,776
Accrued income and prepaid expenses 442 387
Total Other current assets 2,302 2,163
Total Current receivables and Other current assets 8,670 8,828
The analysis by due date (excluding the Accrued income and prepaid expenses item) is as follows:
At 31 December 2013 At 31 December 2012
(€ 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 2,389 15 2 2,406 2,660 42 - 2,702
Receivables from financing activities 2,776 863 32 3,671 2,688 1,014 25 3,727
Current tax receivables 206 44 41 291 145 27 64 236
Other current receivables 1,637 184 39 1,860 1,416 326 34 1,776
Total Current receivables 7,008 1,106 114 8,228 6,909 1,409 123 8,441