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Consolidated Financial Statements 
The following table shows a reconciliation of minimum future
lease payments to the gross and net investment in leases and
to the present value of the minimum future lease payments
receivable:
Sep 30,
(in millions of €) 2015 2014
Minimum future lease payments 6,042 6,033
Plus: Unguaranteed residual values 87 91
Gross investment in leases 6,129 6,124
Less: Unearned finance income (601) (643)
Net investment in leases 5,527 5,481
Less: Allowance for doubtful accounts (190) (135)
Less: Present value of unguaranteed
residual value (72) (80)
Present value of minimum future
lease payments receivable 5,265 5,266
The gross investment in leases and the present value of mini-
mum future lease payments receivable are due as follows:
Gross investment
in leases
Present value of minimum
future lease payments
receivable
Sep 30, Sep 30,
(in millions of €) 2015 2014 2015 2014
Within one year 2,492 2,433 2,072 2,013
One to five years 3,374 3,449 2,965 3,037
Thereafter 263 242 228 215
6,129 6,124 5,265 5,266
Investments in finance leases primarily relate to industrial ma-
chinery, medical equipment, transportation systems, equip-
ment for information technology and office machines. Actual
cash flows will vary from contractual maturities due to future
sales of finance receivables, prepayments and write-offs.
NOTE 9 Other current financial assets
As of September ,  and , Other current financial as-
sets include loans receivables of € , million and € , mil-
lion, respectively and derivative financial instruments of
€  million and €  million, respectively.
NOTE 10 Inventories
Sep 30,
(in millions of €) 2015 2014
Raw materials and supplies 2,631 2,389
Work in progress 4,417 3,436
Costs and earnings in excess
of billings on uncompleted contracts 9,162 8,329
Finished goods and products held for resale 3,046 2,312
Advances to suppliers 551 528
19,807 16,994
Advance payments received (2,554) (1,895)
17,253 15,100
Cost of sales include inventories recognized as expense
amounting to € , million and € , million, respectively,
in fiscal  and . Compared to prior year write-downs in-
creased by €  million and €  million as of September , 
and .
Construction contracts, here and as follows, include service
contracts accounted for under the percentage of completion
method. The aggregate amount of costs incurred and recog-
nized profits less recognized losses for construction contracts
in progress, as of September ,  and  amounted to
€ , million and € , million, respectively. Revenue
from construction contracts amounted to € , million and
€ , million, respectively, for fiscal  and . Advance
payments received on construction contracts in progress were
€ , million and € , million as of September ,  and
. Retentions in connection with construction contracts
were €  million and €  million in fiscal  and ,
respectively.