Mercedes 2015 Annual Report Download - page 224

E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 231
18. Inventories
Inventories are comprised as shown in table  E . 41.
The amount of write-down of inventories to net realizable
value recognized as expense in cost of sales was €501 million
in 2015 (2014: €391 million). Inventories that are expected
to be recovered or settled after more than twelve months
amounted to €930 million at December 31, 2015 (2014: €977
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 €718 million at December 31, 2015 (2014: €609 million)
was pledged as collateral to the Daimler Pension Trust e.V.
In addition, inventories with a carrying amount of
€235 million at December 31, 2015 (2014: €262 million)
were pledged as collateral for liabilities from ABS
transactions (see also Note 24).
The carrying amount of inventories recognized during
the period by taking possession of collateral held as security
amounted to €103 million at December 31, 2015 (2014:
€91 million). Those assets are utilized in the context of the
normal business cycle.
Other financial assets
Current
At December 31, 2015
Current
At December 31, 2014
Non-current Total Non-current Total
In millions of euros
Available-for-sale financial assets – 3,049 3,049 – 2,269 2,269
thereof equity instruments recognized at fair value through profit or loss – 2,303 2,303 – 1,647 1,647
thereof equity instruments carried at cost – 746 746 – 622 622
Derivative financial instruments used in hedge accounting 397 966 1,363 574 722 1,296
Financial assets recognized at fair value through profit or loss 164 39 203 42 55 97
Other receivables and financial assets 1,985 854 2,839 1,737 588 2,325
2,546 4,908 7,454 2,353 3,634 5,987
E.39
Other assets
Current
At December 31, 2015
Current
At December 31, 2014
Non-current Total Non-current Total
In millions of euros
Reimbursements due to income tax refunds 670 26 696 517 40 557
Reimbursements due to other tax refunds 2,421 52 2,473 2,190 22 2,212
Reimbursements due to the Medicare Act (USA) – 68 68 – 81 81
Other expected reimbursements 192 157 349 175 146 321
Prepaid expenses 442 87 529 294 130 424
Others 546 264 810 422 136 558
4,271 654 4,925 3,598 555 4,153
E.40
Inventories
At December 31,
2015 2014
In millions of euros
Raw materials and manufacturing supplies 2,643 2,409
Work in progress 3,371 2,936
Finished goods, parts and products held for resale 17,609 15,412
Advance payments to suppliers 137 107
23,760 20,864
E.41