BMW 2004 Annual Report Download - page 80

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79
Receivables from sales financing
Receivables from sales financing comprise euro
18,782 million (2003: euro 16,423 million) for loan
financing for customers and dealers and outstanding
The amount of contingent rents recognised as
income, generally relating to the distance driven,
was not material. Write-downs on finance leases
instalments on operating leases as well as euro
6,272 million (2003: euro 5,527 million) for finance
leases. Finance leases are analysed as follows:
amounting to euro 83 million (2003: euro 117 million)
were computed and recognised on the basis of
specific credit risks.
[24]Receivables and
other assets
in euro million 31.12.2004 31.12. 2003
Trade receivables 1,868 2,257
thereof with a maturity of more than one year: euro 1 million (2003: euro 1 million)
Receivables from sales financing 25,054 21,950
thereof with a maturity of more than one year: euro 15,737 million
(2003: euro 13,330 million)
Other receivables 6,474 7,184
thereof with a maturity of more than one year: euro 1,690 million
(2003: euro 3,090 million)
33,396 31,391
in euro million 31.12.2004 31.12. 2003
Gross investment in finance leases
due within one year 2,592 2,442
due between one and five years 4,409 3,735
due later than five years 6 11
7,007 6,188
Present value of future minimum lease payments
due within one year 2,359 2,226
due between one and five years 3,908 3,291
due later than five years 5 10
6,272 5,527
Unrealised interest income 735 661