Mercedes 2001 Annual Report Download - page 97

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Notes to Consolidated Balance Sheets 93
Notes to Consolidated Balance Sheets
12. Intangible Assets and Property, Plant and
Equipment, net
Information with respect to changes in the Group’s in-
tangible assets and property, plant and equipment is
presented in the Consolidated Fixed Assets Schedule
included herein. Intangible assets represent principally
goodwill and intangible pension assets.
Property, plant and equipment includes buildings,
technical equipment and other equipment capitalized
under capital lease agreements of €148 million (2000:
€140 million). Depreciation expense and impairment
charges on assets under capital lease arrangements
were €13 million (2000: €188 million; 1999: €32 mil-
lion).
13. Equipment on Operating Leases, net
Information with respect to changes in the Group’s
equipment on operating leases is presented in the Con-
solidated Fixed Assets Schedule included herein. Of the
total equipment on operating leases, €35,015 million
represent automobiles and commercial vehicles
(2000: €32,639 million).
Noncancellable future lease payments due
from customers for equipment on operating leases at
December 31, 2001 are as follows:
14. Inventories
2002
2003
2004
2005
2006
thereafter
8,560
4,425
2,528
812
244
352
16,921
Raw materials and manufacturing
supplies
Work-in-process
thereof relating to long-term
contracts and programs in process
€– (2000: €1,967)
Finished goods, parts and products
held for resale
Advance payments to suppliers
Less: Advance payments received
thereof relating to long-term
contracts and programs in process
€110 (2000: €608)
2,251 2,495
3,038 5,232
11,904 10,726
97 309
17,290 18,762
(536) (2,479)
16,754 16,283
2000
At December 31,
2001
2000
At December 31,
Receivables from sales of goods and
services
Long-term contracts and programs,
unbilled, net of advance payments
received
Allowance for doubtful accounts
7,052 8,506
24 200
7,076 8,706
(646) (711)
6,430 7,995
2001
Certain of the Group’s U.S. inventories are valued
using the LIFO method. If the FIFO method had been
used instead of the LIFO method, inventories would
have been higher by €1,102 million (2000: €1,058 mil-
lion).
15. Trade Receivables
As of December 31, 2001, €136 million of the
trade receivables mature after more than one year
(2000: €261 million).
(in millions of €)
(in millions of €)
(in millions of €)