Porsche 2004 Annual Report Download - page 137

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133
The future receivables from long-term construction contracts recognized pursuant
to the percentage of completion method are calculated as follows:
The sales revenue from long-term construction contracts totals T€ 59,908 (previous year:
T€ 92,814). Contracts and parts of contracts billed to customers are reported under trade receiv-
ables. Of the receivables, T€ 21,252 is due in more than one year (previous year: T€ 3,305).
The receivables from financial services contain receivables from customer and dealer financing
including installments due for payment of T€ 472,971 (previous year: T€ 429,525) and receivab-
les from finance leases of T€ 1,131,145 (previous year: T€ 1,007,235). Of the receivables from
financial services, T€ 1,183,421 is due in more than one year (previous year: T€ 923,072).
July31,2005 July31,2004
T€ T€
Receivables from financial services 1,567,302 1,402,742
(15) Receivables from financial services
July31,2005 July31,2004
T€ T€
Costs of conversion including outcome
of the long-term construction contracts 242,481 181,200
thereof services billed to customers – 173,421 – 1,307
Future receivables from long-term construction contracts
before advance payments received 69,060 179,893
Advance payments received – 28,244 – 140,813
40,816 39,080