Adjusted EPS for the quarter was a gain of €0.06 versus €0.05 in Q4 '16. Adjusted EPS for 2017 was €0.26 (FY '16: €0.23).
Balance sheet
Trade receivables plus other receivables totalled €167 million in Q4 '17 compared with €179 million at the end of Q4 '16. The inventory level at the end of the quarter was €32 million, compared with €54 million at the end of the same quarter last year. Cash and cash equivalents at the end of the quarter were €121 million versus €143 million at the end of Q4 '16.
Current liabilities excluding deferred revenue were €237 million compared with €266 million at the end of Q4 '16. The year on year decrease is mainly due to a decrease in trade payables.
Deferred revenue was €244 million at the end of Q4 '17, compared with €204 million at the end of the same quarter last year. The year on year increase reflects the increased deferred revenue position related to Automotive contracts with upfront payments.
Deferred revenue balance by segment
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(€ in millions) | 31 December 2017 | 31 December 2016 |
y.o.y.
change |
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Automotive & Enterprise | 127.4 | 70.0 | 82% | |||||
Automotive | 113.4 | 58.6 | 94% | |||||
Enterprise | 14.0 | 11.4 | 22% | |||||
Telematics | 1.5 | 1.7 | -14% | |||||
Consumer | 114.8 | 132.7 | -14% | |||||
Total deferred revenue | 243.6 | 204.4 | 19% | |||||
Change amounts are calculated before rounding |
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