Porsche 2009 Annual Report Download - page 195
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195
[18] Inventories
31/7/2010 31/7/2009
thereof
€ million
continuing
operations
Raw materials, consumables and supplies 0 2,138 0
Work in progress 0 1,263 0
Finished goods and merchandise 0 12,089 0
Current leased assets 0 696 0
Advance payments made 0 79 0
0 16,265 0
After deconsolidation of the discontinued operations, the Porsche SE group does not have
any inventories as of the reporting date. Of the total inventories reported as of the prior-year report-
ing date of €16,265 million, an amount of €2,382 million was recognized at net realizable value.
Vehicles amounting to €88 million were pledged as collateral for phased retirement obligations of
discontinued operations in the prior year.
[19] Trade receivables
31/7/2010 31/7/2009
thereof
€ million
continuing
operations
Receivables from
long-term development contracts 0 8 0
Trade receivables from
third parties 0 6,193 0
affiliated companies 0 262 0
joint ventures 0 299 0
associates 0 4 0
other investees and investors 0 1 0
Valuation allowance 0 – 52 0
0 6,715 0
There are no trade receivables at the level of continuing operations as of 31 July 2010.
The maximum bad debt risk corresponded to the carrying amounts of the net receivables in the
prior year. The fair values of the trade receivables basically corresponded to the carrying amounts
due to the remaining terms.