BMW 2004 Annual Report Download - page 82

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The contracted maturities of debt securities are as follows:
Prepayments of euro 543 million (2003: euro 488 mil-
lion)
relate mainly to prepaid interest, development
costs not eligible for capitalisation as non-current
assets, insurance premiums and rent. Prepayments
of euro 355 million (2003: euro 388 million) have a
maturity of less than one year.
81
Current marketable securities comprise:
Cash and cash equivalents of euro 2,128 million
(2003: euro 1,659 million) comprise cash on hand,
deposits at the Bundesbank and cash at bank, all
with a maturity of under three months.
[26]Cash and cash
equivalents
[27]Prepayments
[25]Marketable
securities
in euro million 31.12.2004 31.12. 2003
Stocks 531 407
Investment funds 14 129
Fixed income securities 1,196 1,242
Sundry marketable securities 91 79
1,832 1,857
in euro million 31.12.2004 31.12. 2003
Fixed income securities
due within 3 months 28 311
due later than 3 months 1,168 931
Sundry marketable securities
due within 3 months 74 46
due later than 3 months 17 33
1,287 1,321