Mercedes 1998 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 1998 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 126

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

Trade liabilities 12,848 54 1 12,026 32 2
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
102
24. TRADE LIABILITIES
At December 31, 1998 At December 31, 1997
Due after Due after Due after Due after
Total one year five years Total one year five years
25. OTHER LIABILITIES
Liabilities to affiliated companies 349 – – 553 – –
Liabilities to related companies 665 20 11 956 19 12
Other liabilities 8,235 587 2 6,403 815 16
9,249 607 13 7,912 834 28
A
t December 31, 1998 At December 31, 1997
Due after Due after Due after Due after
Total one year five years Total one year five years
Liabilities to related companies are primarily obligations of
DaimlerChrysler Aerospace Airbus GmbH to Airbus Industrie
G.I.E., Toulouse.
Other liabilities include payroll obligations of the month of
December and related tax liabilities. As of December 31, 1998,
tax liabilities include employee withholding taxes of € 1,025
(1997: € 711) and social benefits due of € 759
(1997: € 659).
26. DEFERRED INCOME
Various claims and legal proceedings have been asserted or
instituted against the Group, including some purporting to be
class actions, and some which demand large monetary
damages or other relief which could result in significant
expenditures. Litigation is subject to many uncertainties, and
the outcome of individual matters is not predictable with
assurance. It is reasonably possible that the final resolution of
some of these matters may require the Group to make
expenditures, in excess of established reserves, over an
extended period of time and in a range of amounts that cannot
be reasonably estimated. The term “reasonably possible” is
used herein to mean that the chance of a future transaction or
event occurring is more than remote but less than likely.
Although the final resolution of any such matters could have a
material effect on the Group’s consolidated operating results for
the particular reporting period in which an adjustment of the
estimated reserve is recorded, the Group believes that any
resulting adjustment should not materially affect its
consolidated financial position.
As of December 31, 1998, € 986 of the total deferred income
mature after more than one year (1997: € 1,321).
OTHER NOTES
27. LITIGATION AND CLAIMS