Mercedes 2013 Annual Report Download - page 217

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F | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
17. Other assets
Non-financial other assets are comprised as shown
in table  F.42.
Other expected reimbursements predominantly relate
to recovery claims from our suppliers in connection with
issued product warranties.
18. Inventories
Inventories are comprised as shown in table  F.43.
The amount of write-down of inventories to net realizable
value recognized as expense in cost of sales was €311 million
in 2013 (2012: €294 million). Inventories that are expected
to be turned over after more than twelve months amounted
to €798 million at December 31, 2013 (2012: €691 million)
and are primarily spare parts.
Based on the requirement to provide collateral for certain
vested employee benefits in Germany, the value of company
cars included in inventories at Daimler AG in an amount
of €627 million (2012: €584 million) was pledged as collateral
to the Daimler Pension Trust e.V..
The carrying amount of inventories recognized during
the period by taking possession of collateral held as security
amounted to €60 million in 2013 (2012: €70 million). The
utilization of these assets occurs in the context of the normal
business cycle.
Other assets
Current
At December 31, 2013
Current
At December 31, 2012
Non-current Total Non-current Total
In millions of euros
Reimbursements due to income tax refunds 650 35 685 483 23 506
Reimbursements due to other tax refunds 1,686 21 1,707 1,678 36 1,714
Reimbursements due to the Medicare Act (USA) – 108 108 – 160 160
Other expected reimbursements 138 104 242 169 132 301
Prepaid expenses 296 147 443 373 61 434
Others 347 116 463 369 122 491
3,117 531 3,648 3,072 534 3,606
F.42
Inventories
At December 31,
2013 2012
In millions of euros
Raw materials and manufacturing supplies 2,011 2,137
Work in progress 2,275 2,292
Finished goods, parts and products held for resale 13,028 13,235
Advance payments to suppliers 35 56
17,349 17,720
F.43