Mercedes 2015 Annual Report Download - page 222

E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 229
14. Receivables from financial services
Table  E.35 shows the components of receivables
from financial services.
Types of receivables
Receivables from sales financing with customers include
receivables from credit financing for customers who purchased
their vehicle either from a dealer or directly from Daimler.
Receivables from sales financing with dealers represent loans
for floor financing programs for vehicles sold by the Group’s
automotive businesses to dealers or loans for assets purchased
by dealers from third parties, primarily used vehicles traded in
by dealers’ customer or real estate such as dealers’ showrooms.
Receivables from finance-lease contracts consist of receiv-
ables from leasing contracts for which all substantial risks
and rewards incidental to the leasing objects are transferred
to the lessee.
At December 31, 2015, finance-lease contracts included
non-automotive assets from contracts of the financial services
business with third parties (leveraged leases) in the amount
of €238 million (December 31, 2014: €365 million).
Maturities of the finance lease contracts are shown
in table  E.36.
All cash flow effects attributable to receivables from financial
services are presented within cash provided by/used for
operating activities in the consolidated statement of cash flows.
Receivables from financial services
At December 31, 2015 At December 31, 2014
Current Non-current Total Current Non-current Total
In millions of euros
Sales financing with customers 13,561 23,900 37,461 10,307 22,852 33,159
Sales financing with dealers 15,944 2,588 18,532 11,786 2,203 13,989
Finance-lease contracts 6,166 12,371 18,537 5,084 10,368 15,452
Gross carrying amount 35,671 38,859 74,530 27,177 35,423 62,600
Allowances for doubtful accounts -516 -500 -1,016 -408 -513 -921
Net carrying amount 35,155 38,359 73,514 26,769 34,910 61,679
E.35
Maturities of the finance lease contracts
< 1 year
1 year up
to 5 years
At December 31, 2015
< 1 year
1 year up
to 5 years
At December 31, 2014
> 5 years Total
> 5 years Total
In millions of euros
Contractual future lease payments 6,315 11,308 407 18,030 5,145 9,104 571 14,820
Unguaranteed residual values 501 1,954 12 2,467 483 1,744 46 2,273
Gross investment 6,816 13,262 419 20,497 5,628 10,848 617 17,093
Unearned finance income -650 -1,216 -94 -1,960 -544 -995 -102 -1,641
Gross carrying amount 6,166 12,046 325 18,537 5,084 9,853 515 15,452
Allowances for doubtful accounts -176 -201 -2 -379 -159 -208 -5 -372
Net carrying amount 5,990 11,845 323 18,158 4,925 9,645 510 15,080
E.36