Mercedes 2010 Annual Report Download - page 206

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In 2010, equity instruments carried at cost with a carrying amount
of €23 million (2009: €8 million) were sold. The realized gains
from the sales were €23 million in 2010 (2009: losses of €7 million).
As of December 31, 2010, the Group principally did not intend
to dispose of any reported equity instruments carried at cost.
Financial liabilities recognized at fair value through profit or loss
relate exclusively to derivative financial instruments, which are
not used in hedge accounting.
Further information on other financial assets is provided in
Note 30.
17. Other assets
The non-financial other assets are comprised as follows:
Current
At December 31, 2010
Current
At December 31, 2009
Non-current Total Non-current Total
In millions of euros
Reimbursements due to income tax refunds 525 31 556 584 176 760
Reimbursements due to other tax refunds 1,181 17 1,198 989 20 1,009
Reimbursements due to the Medicare Act (USA) .112 112 – 122 122
Other expected reimbursements 339 26 365 385 14 399
Prepaid expenses 298 81 379 225 52 277
Others 278 141 419 169 112 281
2,621 408 3,029 2,352 496 2,848
Other expected reimbursements predominantly relate to
recovery claims from our suppliers in connection with issued
product warranties.
18. Inventories
At December 31,
2010 2009
In millions of euros
Raw materials and manufacturing supplies 1,509 1,517
Work-in-process 2,002 1,626
Finished goods, parts and products held
for resale
10,974
9,666
Advance payments to suppliers 59 36
14,544 12,845
The amount of write-down of inventories to net realizable value
recognized as expense in cost of sales was €269 million in 2010
(2009: €299 million). At December 31, 2010, €1,403 million
(2009: €1,482 million) of the total inventories were carried at net
realizable value. Inventories that are expected to be turned over
after more than twelve months amounted to €718 million at Decem-
ber 31, 2010 (2009: €634 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 €482 million
(2009: €457 million) was pledged as collateral to the Daimler
Pension Trust e.V.
The carrying amount of inventories recognized during the period
by taking possession of collateral held as security amounted
to €124 million in 2010 (2009: €136 million). The utilization of
these assets occurs in the context of normal business cycle.