BMW 2007 Annual Report Download - page 106

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104 Group Financial Statements
73 Group Financial Statements
73 Income Statements
74 Balance Sheets
76 Cash Flow Statements
78 Group Statement of Changes
in Equity
79 Statement of Income and
Expenses recognised directly
in Equity
80 Notes
80 – Accounting Principles
and Policies
89 – Notes to the Income
Statement
96 – Notes to the Balance Sheet
117 – Other Disclosures
131 – Segment Information
Inventories
Inventories comprise the following:
At 31 December 2007, inventories measured at their
net realisable value amounted to euro 473 million
(2006: euro 316 million) and are included in total
inventories of euro 7,349 million (2006: euro 6,794
million). Write-downs to net realisable value amount-
ing to euro 40 million (2006: euro 12 million) were
recognised in 2007. Amounts recognised as income
from the reversal of write-downs on the disposal of in-
ventories were not significant.
Prepayments of euro 729 million (2006: euro
683 million) relate mainly to prepaid interest, de-
velopment costs not eligible for capitalisation as
non-current assets, insurance premiums and rent.
Prepayments of euro 494 million (2006: euro
522 million) have a maturity of less than one year.
Collateral receivables comprise mainly custom-
ary collateral arising on the sale of receivables.
Other assets
Other assets comprise:
Receivables from subsidiaries include trade receiv-
ables of euro 96 million (2006: euro 198 million) and
financial receivables of euro 545 million (2006: euro
495 million). A total of euro 25 million (2006: euro 44
million) has a remaining term of more than one year.
As in the previous year receivables from other
companies in which an investment is held are all due
within one year.
in euro million 31.12. 2007 31.12. 2006
Other taxes 554 584
Receivables from subsidiaries 641 693
Receivables from other companies in which an investment is held 104 202
Prepayments 729 683
Collateral receivables 135 120
Sundry other assets 361 368
2,524 2,650
thereof non-current 415 378
thereof current 2,109 2,272
in euro million 31.12. 2007 31.12. 2006
Raw materials and supplies 632 689
Work in progress, unbilled contracts 871 911
Finished goods 4,731 4,280
Goods for resale 1,115 914
7,349 6,794
[26]
[27]
Trade receivables
Trade receivables amounting in total to euro 2,672 million (2006: euro 2,258 million) include euro 3 million due
later than one year (2006: euro 21 million).
[28]