Merck 2008 Annual Report Download - page 106

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Other receivables and other assets include in particular refund claims in connection
with non-income-related taxes (mainly value added tax), prepayments, interest defer-
rals as well as claims in connection with duties and import fees. In addition, receiv-
ables in the form of profits resulting from co-marketing agreements with other com-
panies are recorded in this item.
Other receivables past due are as follows:
€ million
Book value thereof:
Neither im-
paired nor past
due on the
reporting date
thereof: Not impaired, past due in the following
periods as of the reporting date
Dec. 31,
2008
up to 3
months
and 6
months
and 12
months
over
1 year
Other receivables
– Third parties 189.0 172.3 12.6 1.2 0.7 2.2
€ million
Book value thereof:
Neither im-
paired nor past
due on the
reporting date
thereof: Not impaired, past due in the following
periods as of the reporting date
Dec. 31,
2007
up to 3
months
and 6
months
and 12
months
over
1 year
Other receivables
– Third parties 168.8 161.0 3.5 3.5 0.2 0.6
With regard to other receivables that are neither impaired nor delayed, as of the
reporting date, there are no indications that the debtors will not meet their payment
obligations.
[21] Tax receivables
Tax receivables amounted to € 139.1 million (2007: € 43.5 million) and result from tax
refund claims for tax prepayments that exceed the actual amount of tax pay able for the
past and prior fiscal years, and from refund claims for prior years owing to tax audits
as well as withholding tax credits.
[22] Assets/liabilities held for sale
In 2007, the balance sheet items allocable to the Generics business were presented
collectively under Assets/liabilities held for sale.
72 Income Statement
73 Balance Sheet
74 Segment Reporting
CONSOLIDATED FINANCIAL STATEMENTS OF THE MERCK GROUP
76 Cash Flow Statement
77 Free Cash Flow
77 Statement of Recognized
Income and Expense
78 Statement of Changes
in Net Equity including
Minority Interest
79 Notes
101