Mercedes 1998 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 of the 1998 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 126

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

The estimated fair values of investments in debt securities, by
contractual maturity, are shown below. Expected maturities
may differ from contractual maturities because borrowers may
have the right to call or prepay obligations with or without
penalty.
Due within one year 975 930
Due after one year through five years 2,122 1,839
Due after five years through ten years 129 355
Due after ten years 385 495
3,611 3,619
At December 31,
1998 1997
Proceeds from sales of available-for-sale securities were
€ 2,734 (1997: € 1,432; 1996: € 1,237). Gross realized gains
from sales of available-for-sale securities were € 98 (1997:
€ 92; 1996: € 11), while gross realized losses were € 8 (1997:
€ 1; 1996: € 3). DaimlerChrysler uses the specific
identification method as a basis for determining cost and
calculating realized gains or losses.
Other securities classified as cash equivalents were
approximately € 4,600 and € 3,900 at December 31, 1998 and
1997, respectively, and consisted primarily of purchase
agreements, commercial paper and certificates of deposit.
17. CASH AND CASH EQUIVALENTS
Cash and cash equivalents include € 308 (1997: € 175) of
deposits with original maturities of more than three months.
18. ADDITIONAL CASH FLOW INFORMATION
Liquid assets recorded under various balance sheet captions
are as follows:
Cash and cash equivalents
available within 3 months 6,281 6,634 4,879
Cash and cash equivalents
which mature after 3 months 308 175 683
Securities 12,160 10,180 7,031
Other 324 336 258
19,073 17,325 12,851
1998 1997
At December 31,
The following represents supplemental information with
respect to cash flows:
1996
Year ended December 31
,
Interest paid 2,553 1,953 1,773
Income taxes paid 993 1,699 1,211
1998 1997 1996
89
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Available-for-sale