18. Other Assets
About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
Amounts in millions of euros Note 2018 2017
Receivables and prepayments 2,325 2,370
Accrued interest 1,041 1,211
Precious metals, goods and warehouse receipts 445 833
Real estate projects 1,694 2,273
Accrued income 393 430
Employee benefits 28 6 6
Other assets 527 838
Total other assets 6,431 7,961
Real estate projects
Amounts in millions of euros 2018 2017
Building sites 1,200 1,154
Work in progress 463 1,090
Finished goods 31 29
Total real estate projects 1,694 2,273
In 2018, the net realisable value of all current land operations and
sites not subject to a zoning plan was calculated and compared
with the carrying amount. This resulted in a release of provisions
of EUR 89 million (2017: release of EUR 15 million).
Balance on Withdrawals/ Balance on
Amounts in millions of 1 January Additions/ other 31 December
euros 2018 release changes 2018
Movements in provisions for real estate projects
Building sites 536 (89) (36) 411
Work in progress 80 (7) (8) 65
Completed 8 - (4) 4
developments
Total 624 (96) (48) 480
Balance on Withdrawals/ Balance on
Amounts in millions of 1 January Additions/ other 31 December
euros 2017 release changes 2017
Movements in provisions for real estate projects
Building sites 593 (15) (42) 536
Work in progress 133 (17) (36) 80
Completed 8 - - 8
developments
Total 734 (32) (78) 624
Work in progress
Amounts in millions of euros 2018 2017
Residential property in preparation and under construction 957 1,069
Commercial property in development and under
construction 13 107
Instalments invoiced in advance - residential property (507) (83)
Instalments invoiced in advance - commercial property - (3)
Total work in progress 463 1,090
Annual Report 2018 - Consolidated Financial Statements
191
