PSA COUV page . page RA GB - PEUGEOT Presse

2. Short-term portion
(in millions of euros)
Issue
currency 2002 2001 2000
Short-term notes
- Sofira EUR 1,332 1,349 1,087
Commercial paper
- Peugeot Commercial
Paper EUR - 30 -
- Peugeot Finance
International EUR 30 162 210
Bills of Exchange
- PSA Wholesale Ltd. GBP - 202 96
- PSA Finance Plc GBP - - 819
Domestic MTN due
within one year
- Peugeot Finance
International EUR - - -
- Crédipar EUR 42 173 336
- Banque PSA Finance EUR 183 105 23
EMTN due within
one year
- Peugeot Finance
International EUR 31 10 279
USD 19 - -
JPY - 303 441
GBP - 7 80
ITL - 15 -
- Banque PSA Finance EUR 1,516 928 447
USD 48 - 32
GBP 154 82 32
JPY 806 1,858 56
CZK 47 - -
PLN - 36 10
Certificates of deposit
- Crédipar EUR - - 122
- Banque PSA Finance EUR 1,620 1,776 1,378
Other debt securities
- BPF Brasil BRL 3 - -
Retail certificates of
deposit
- Banque PSA Finance CHF - 1 4
Total 5,831 7,037 5,452
➔ Note 37 - Short-term income tax liabilities
a) Manufacturing and sales companies
(in millions of euros) 2002 2001 2000
Current taxes payable 633 796 588
Deferred taxes on planned
intercompany dividends 3 6 9
Other deferred taxes 10 6 28
Total 646 808 625
b) Finance companies
(in millions of euros) 2002 2001 2000
Current taxes payable 30 59 -
Deferred taxes on planned
intercompany dividends - - 2
Other deferred taxes 34 47 41
Total 64 106 43
➔ Note 38 - Other payables
a) Manufacturing and sales companies
(in millions of euros) 2002 2001 2000
Accrued taxes
(other than income taxes) 986 1,005 691
Early-termination plan 86 62 40
Accrued payroll costs 988 897 762
Due to suppliers of property,
plant and equipment 525 496 443
Vehicles sold
under buyback contracts 584 661 503
Customer prepayments 537 460 268
Other payables 1,522 1,828 1,706
Total 5,228 5,409 4,413
As explained in note 1-d, new vehicles sold under buyback contracts
with terms not exceeding three years are not treated as sales but as
leases. The amount recorded under this caption corresponds to the sale
price of new vehicles less accrued interest.
“Other payables” correspond mainly to short-term warranty costs
reserve, accrued payroll taxes, the portion of payments received under
customer service contracts that relates to services to be supplied the
following year and accrued expenses related to sales incentive
programs.
b) Finance companies
(in millions of euros) 2002 2001 2000
Deferred income and
accrued expenses 456 496 306
Other payables 594 504 361
Total 1,050 1,000 667
➔ Note 39 - Change in operating assets
and liabilities
a) Manufacturing and sales companies
1. Detail of cash flows from operating activities
(in millions of euros) 2002 2001 2000
- Increase in inventories (129) (802) (1,006)
- Increase in accounts and
notes receivable (56) (23) (648)
- Increase in accounts and
notes payable 954 177 1,339
- Change in income taxes (204) (173) (73)
- Other changes (300) 425 280
- (Increase) decrease in
receivables from Group
finance companies, net 65 (26) (130)
Total 330 (422) (238)
PSA PEUGEOT CITROËN - APPENDICES TO THE MANAGING BOARD REPORT 165