Mercedes 2003 Annual Report Download - page 144
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Please find page 144 of the 2003 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.Financial Reporting | Overview | Analysis of the Financial Situation | Statement by the Board of Management | Independent Auditors’ Report | Financial Statements
As of December 31, 2003, €172 million of the trade receivables
mature after more than one year (2002: €110 million).
Changes in the allowance for doubtful accounts for trade
receivables were as follows:
18. Receivables from Financial Services
As of December 31, 2003, €33,328 million of the financing receiv-
ables mature after more than one year (2002: €34,472
million).
Changes in the allowance for doubtful accounts for receivables
from financial services were as follows:
Sales financing and finance lease receivables consist of retail
installment sales contracts secured by automobiles and commercial
vehicles. Contractual maturities applicable to receivables from
sales financing and finance leases of €57,377 million at December
31, 2003 are as follows:
Actual cash flows will vary from contractual maturities due to
future sales of finance receivables, prepayments and charge-offs.
19. Other Receivables
As of December 31, 2003, €6,617 million of the other receivables
mature after more than one year (2002: €6,851 million).
Changes in the allowance for doubtful accounts for other
receivables were as follows:
(in millions of €)
Year ended December 31,
629
23
(48)
(17)
587
2002 2001
711
21
(49)
(37)
646
2003
646
95
(63)
(49)
629
Balance at beginning of year
Charged to costs and expenses
Amounts written off
Currency translation and other changes
Balance at end of year
(in millions of €)
At December 31,
43,079
14,298
57,377
217
(4,576)
885
53,903
(1,265)
52,638
2003 2002
41,386
16,423
57,809
250
(5,590)
1,178
53,647
(1,559)
52,088
Receivables from:
Sales financing
Finance leases
Initial direct costs
Unearned income
Unguaranteed residual value of leased assets
Allowance for doubtful accounts
(in millions of €)
890
1,446
(783)
(88)
137
1,602
2001
1,602
1,004
(639)
(36)
(372)
1,559
1,559
553
(492)
(63)
(292)
1,265
20022003
Balance at beginning of year
Provisions for credit losses
Net credit losses
Reversals
Currency translation and other changes
Balance at end of year
Year ended December 31,
(in millions of €)
6,530
there-
after
20082007200620052004
3,2836,3209,49510,59621,153Maturities
(in millions of €)
At December 31,
1,172
922
3,157
11,485
16,736
(888)
15,848
2003 2002
1,118
1,265
4,241
11 , 67 2
18,296
(723)
17,573
Receivables from affiliated companies
Receivables from related companies 1
Retained interests in sold receivables and
subordinated asset backed certificates
Other receivables and other assets
Allowance for doubtful accounts
1 Related companies include entities which have a significant ownership in DaimlerChrysler or
entities in which the Group holds a significant investment.
(in millions of €)
Year ended December 31,
723
134
(2)
33
888
2002 2001
957
50
(363)
82
726
2003
726
28
(11)
(20)
723
Balance at beginning of year
Charged to costs and expenses
Amounts written off
Currency translation and other changes
Balance at end of year