Trade receivables plus other receivables totalled €162 million in Q1 '18 compared with €188 million at the end of Q1 '17. The inventory level at the end of the quarter was €34 million, compared with €63 million at the end of the same quarter last year. Cash and cash equivalents at the end of the quarter were €129 million versus €84 million at the end of Q1 '17.
Current liabilities excluding deferred revenue were €227 million compared with €251 million at the end of 2017. The sequential decrease is mainly due to a decrease in accruals and other liabilities.
Deferred revenue was €275 million at the end of Q1 '18, compared with €232 million at the end of the same quarter last year and €261 million at the end of last year. The year on year increase reflects the increased deferred revenue position related to Automotive contracts with upfront payments for multi-year service offerings.
Deferred revenue balance by segment
| (€ in millions) | 31 Mar 2018 | 31 Dec 2017 | |||
| Automotive | 128.3 | 98.0 | |||
| Enterprise | 5.9 | 15.7 | |||
| Telematics | 30.5 | 31.4 | |||
| Consumer | 110.5 | 116.3 | |||
| Total | 275.2 | 261.3 | |||
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Totals calculated before rounding. |
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