Siemens 2005 Annual Report Download - page 164

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164
Receivables from sales and direct finance leases are due as follows:
Investments in direct financing and sales-type leases primarily relates to equipment for infor-
mation and communication products, data processing and medical engineering equipment.
Investments in direct financing leases also include leases of industrial and consumer products of
third party manufacturers. Actual cash flows will vary from contractual maturities due to future
sales of finance receivables, prepayments and write-offs.
11 Inventories, net
Management’s discussion and analysis
September 30,
2005
2006 1,692
2007 1,202
2008 847
2009 532
2010 288
Thereafter 255
Minimum future lease payments 4,816
Less: Unearned income (645)
Less: Allowance for doubtful accounts (139)
Plus: Unguaranteed residual values 355
Net investment in lease receivables 4,387
Less: Long-term portion (2,899)
Receivables from sales and finance leases, current 1,488
September 30,
2005 2004
Raw materials and supplies 2,452 2,282
Work in process 2,724 2,261
Costs and earnings in excess of billings on uncompleted contracts 7,242 6,650
Finished goods and products held for resale 2,696 2,777
Advances to suppliers 558 651
15,672 14,621
Advance payments received (2,860) (3,263)
12,812 11,358