Mercedes 2012 Annual Report Download - page 213

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Finance leases. Finance leases consist of leasing contracts
for which all substantial risks and rewards incidental to the
leasing objects are transferred to the lessee.
Maturities of the finance lease contracts are shown in table
 7.35.
As of December 31, 2012, receivables from financial services
with a carrying amount of €3,056 million (2011: €3,496 million)
were pledged as collateral for liabilities from ABS transactions
(see also Note 24).
15. Marketable debt securities
As of December 31, 2012, current and non-current marketable
debt securities with a carrying amount of €5,598 million in
total are presented separately in the consolidated statement
of financial position (2011: €2,281 million).
The marketable debt securities are part of the Group’s liquidity
management and comprise debt instruments and are classified
as available-for-sale.
As of December 31, 2012, a pool of marketable debt securities
with a carrying amount of €200 million was pledged as collateral
for liabilities to financial institutions.
Further information on marketable debt securities is provided
in Note 30.
16. Other financial assets
The item “other financial assets” shown in the consolidated
statement of financial position is comprised of the classes
presented in table  7. 36.
In 2012, equity instruments carried at cost with a carrying
amount of €9 million were sold (2011: €74 million). The realized
gains from the sales were €4 million in 2012 (2011: €16 million).
As of December 31, 2012, 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.
As of December 31, 2012, other receivables and financial
assets include a loan and accumulated interest to Chrysler
LLC of US$2.0 billion (December 31, 2011: US$1.9 billion).
As in the previous year, the receivables were fully impaired.
Further information on other financial assets is provided
in Note 30.
17. Other assets
Non-financial other assets are comprised as shown in table
 7.37.
Other expected reimbursements predominantly relate to
recovery claims from our suppliers in connection with issued
product warranties.
Maturities of the finance lease contracts
< 1 year
1 year up to
5 years
At December 31, 2012
< 1 year
1 year up to
5 years
At December 31, 2011
> 5 years Total
> 5 years Total
In millions of euros
Contractual future lease payments 4,307 6,798 425 11,530 4,229 6,458 657 11,344
Unguaranteed residual values 485 1,665 71 2,221 558 1,207 90 1,855
Gross investment 4,792 8,463 496 13,751 4,787 7,665 747 13,199
Unearned finance income -468 -861 -59 -1,388 -488 -853 -94 -1,435
Gross carrying amount 4,324 7,602 437 12,363 4,299 6,812 653 11,764
Allowances for doubtful accounts -163 -205 -27 -395 -194 -225 -12 -431
Carrying amount, net 4,161 7,397 410 11,968 4,105 6,587 641 11,333
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