AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 393)

F-152

31. Financial instruments

Credit risk

Exposure to credit risk

The carrying amount of financial assets represents the maximum credit exposure. The principal exposure to

credit risk at the reporting date was:

In thousands of Euro 2009

Trade receivables net of allowance for doubtful accounts .................. 65,910

The maximum exposure to credit risk at the reporting date by geographic region was:

In thousands of Euro 2009

Germany.............................................................................................. 22,522

France.................................................................................................. 11,722

Spain ................................................................................................... 14,784

Italy ..................................................................................................... 11,091

United Kingdom.................................................................................. 856

Netherlands ......................................................................................... 2,737

United States ....................................................................................... 399

Other regions....................................................................................... 3,952

Total.................................................................................................... 68,063

Impairment losses

The aging of trade and other receivables at the reporting date was:

In thousands of Euro 2009 Gross 2009 Impairment

Not past due .......................................................................... 56,880 (69)

Past due 0 – 30 days ............................................................. 3,883 (20)

Past due 31 – 120 days.......................................................... 2,488 (371)

Past due 121 – 180 days........................................................ 3,232 (939)

Past due 181 – 360 days........................................................ 1,580 (754)

Total...................................................................................... 68,063 (2,153)

The movement in the allowance for impairment in respect of trade and other receivables during the year was a

follows:

In thousands of Euro 2009

Balance at January 1 ........................................................................... -

Acquisition through business combination ......................................... 1,773

Impairment loss recognised................................................................. 380

Balance at December 31 ..................................................................... 2,153

Other assets of the Group which can be exposed to potential credit risk include other current assets, prepayments

and holdings of cash and cash equivalents. The value of these items is shown on the statement of financial posi-

tion or in the notes to the financial statements.

Based on historic default rates and specific review of receivables, the Group believes that, apart from the above,

no further impairment allowance is necessary.

The allowance account in respect of trade and other receivables are used to record impairment losses unless the

Group is satisfied that recovery of the amount owing is probable.

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AEG 21604 G Bedienungsanleitung Seite 393