Translation of "Kurzfristige vermögenswerte" in English

We invested €3,712 million in current financial assets (Q1 2017: €583 million).

Current assets include assets (such as inventories and trade receivables) that are sold, consumed or realised as part of the normal operating cycle even when they are not expected to be realised within 12 months after the reporting period.

Current assets include assets (such as inventories and trade receivables) that are sold, consumed or realised as part of the normal operating cycle even when they are not expected to be realised within twelve months after the reporting period.

European-domiciled MMFs hold short-term assets accounting for approximately EUR 1 trillion, half of these assets are held by CNAV MMFs, the other half by VNAV MMFs.

Investments in short-term and liquid assets such as bonds are only suited to commitments reaching maturity in the near future (five years or less).

According to the purchase price allocation, the hidden reserves and liabilities primarily related to noncurrent assets (€1.9 billion), current assets (€0.1 billion), noncurrent liabilities (€0.6 billion) and goodwill (€1.0 billion).

The item "Other current receivables and financial assets", which primarily includes financial investments with terms exceeding three months, was reduced from EUR 120.7 million to EUR 91.8 million.

In total, we invested €637 million in mostly current financial assets (Q1 2016: net investment of €144 million in current and noncurrent financial assets).

Cash and cash equivalents comprise cash, credit balances with banks and current financial assets that can be transformed into cash at any time and are only subject to a minor level of volatility.

In total we invested €818 million in primarily current financial assets (Q2 2016: €697 million in noncurrent and current financial assets).

Assets in this category are recognised as current assets if they are either held for trading or will likely be realised within 12 months of the balance sheet date.

Assets are highly liquid (short-termfinancial investments and cash), quickly realized (urgent accounts receivable), slowly realized (accounts receivable exceeding 12 months and other current assets), as well as hard-to-implement (non-negotiable).

In total we invested €1,249 million in primarily current financial assets (9M 2016: €2,276 million in noncurrent and current financial assets).

Cash and cash equivalents comprise cash, credit balances with banks and current financial assets that can be transformed into cash at any time and are only subject to a minor level of volatility.

Overall, we reduced our noncurrent and current financial assets by €206 million (Q3 2016: investment in primarily current financial assets of €1,435 million).

The share premium arising from these capital increases was reported in the statement of financial position under Other current assets until the funds were received on 2July 2013.

Cash and cash equivalents included the par value of the proceeds of the IPO that had been received as at 30June 2013, which amounted to €30.9million. The share premium arising from the placement of the new shares and the €710.9million capital increase from Weichai was reported in Other current assets.

Cash and cash equivalents are now at roughly the level required for operational activities, while the share premium arising from the placement of the new shares and the capital increase from Weichai (previously reported under Other current assets) was used in its entirety to repay the acquisition financing once the funds had been received on 2July 2013.

The line "Financial and other assets" should contain short-term investments (which are in circulation not more than 12 months after the date of the report or a specific operating cycle), "receivables" and other current assets that are not presented in other sections of the balance sheet.

Overall we invested €1,455 million in primarily current financial assets (H1 2016: €841 million particularly in noncurrent financial assets).

A venturer that recognises its interests in jointly controlled entities using the line-by-line reporting format for proportionate consolidation or the equity method shall disclose the aggregate amounts of each of current assets, long-term assets, current liabilities, long-term liabilities, income, and expenses related to its interests in joint ventures. [IAS 31.56]

According to the provisional purchase price allocation, the fair value adjustments to the assets and liabilities were mainly allocable to noncurrent assets (€1.9 billion), current assets (€0.1 billion), noncurrent liabilities (€0.6 billion) and goodwill (€1.0 billion).