Annual Report 2003 2004

24 Other payables
million €
Payables to non-consolidated subsidiaries
Payables to Associated Companies and other investees
Payables from orders in progress (POC)
Miscellaneous payables
amount thereof for taxes
amount thereof for social security
Other payables
Other payables in the amount of €7 million (2003: €5 million) are
collateralized by real property.
The payables to non-consolidated subsidiaries originated mainly from
intercompany financing and from profit and tax sharing agreements.
Miscellaneous payables also include obligations to the employees
in the amount of €410 million (2003: €389 million).
25 Deferred income
Deferred income in the amount of €7 million (2003: €3 million) has a
remaining term of more than 1 year.
million €
Advance payment bonds
Performance bonds
Third party credit guarantee
Letters of comfort
Residual value guarantees
Other guarantees
Total
Sept. 30, 2003
35
120
1,350
1,423
300
220
2,928
amount thereof
with remaining
term
more than 1
year
0
3
493
79
13
0
575
Sept. 30, 2004
20
164
1,485
1,479
341
209
3,148
26 Commitments and contingencies
167
Financial Report
Consolidated financial statements
amount thereof with remaining term of
up to 1 year
Guarantees
ThyssenKrupp ag and its segment lead companies as well as – in
individual cases – its subsidiaries have issued or have had guarantees
issued in favor of customers or lenders. The following table shows
obligations under guarantees where the principal debtor is not a
consolidated Group company.
20
161
972
1,403
328
209
2,556
Maximum potential amount of future
payments as of
Sept. 30, 2003
12
176
140
132
56
129
645
Sept. 30, 2004
3
98
27
0
58
229
415
more than
1 year
0
3
513
76
13
0
592
Accrued liability as of
Sept. 30, 2003
0
0
0
0
1
5
6
amount thereof
more than
5 years
0
0
69
15
11
0
84
Sept. 30, 2004
0
0
0
0
1
2
3