9 Other receivables and other assets
 |
| |
Dec. 31, 2003 |
Dec. 31, 2002 |
|
| |
€ million |
€ million |
| |
|
|
| Accounts receivable |
|
|
 Affiliated companies |
192.1 |
2.4 |
|
| Associated companies
| 0.4 |
2.0 |
|
| Other assets |
395.9 |
345.8 |
|
| Value adjustments |
–10.6 |
–6.2 |
| |
577.8 |
344.0 |
Accounts receivable from affiliated companies relate virtually exclusively to the investment of
liquid funds in a company of the E.ON Group.
Other assets include € 209.6 million in receivables from the tax authorities for the
refund of tax payments for prior years. These result from the tax authorities view that, regarding former
non-profit housing companies, part of the profit transferred under a domination and profit-and-loss
transfer agreement is to be treated as a dividend and taxed. In December 2002, the Federal Fiscal Court
ruled in three related cases against the tax authorities. However, so far the tax authorities have made no
refunds to Viterra.
Furthermore, Other assets include € 96.3 million (2002: € 77.6 million) already paid by
buyers of apartments into the trust account of a notary public. These monies are not released to Viterra
until title has been transferred. Other receivables totalling € 10.1 million (2002: € 10.2 million) relate to
advance payments made on land purchases.
€ 18.5 million (2002: € 0.9 million) of the Other receivables and other assets have a
remaining term of more than one year.
