APC 2006 Annual Report Download - page 117

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115
5
8.3 - Current financial assets
Dec. 31, 2006
Short-term investments (1) 48.2
Pension assets (2) 25.3
Total current financial assets 73.5
(1) These investments were previously classifed under
"Available-for-sale financial assets" - see note 8.1.
(2) These assets were previously classified under "Other
receivables" - see note 11.
Substantially all pension assets concern plans in the
United States which had a surplus at December 31,
2006 (note 15).
Note 9 - Inventories and work in process
Inventories and work in process changed as follows:
Note 10 - Trade accounts receivable
Dec. 31, 2006 Dec. 31, 2005 Dec. 31, 2004
Cost:
Raw materials 830.6 739.7 613.7
Work in process 341.8 333.2 297.3
Semi-finished and finished products 973.4 579.2 504.8
Goods 109.8 211.9 194.8
Inventories and work in process at cost 2,255.6 1,864.0 1,610.6
Impairment:
Raw materials (91.3) (97.9) (70.4)
Work in process (15.7) (21.8) (21.0)
Semi-finished and finished products (81.1) (63.9) (54.8)
Goods (11.6) (43.8) (55.0)
Impairment loss (199.7) (227.4) (201.2)
Net :
Raw materials 739.3 641.8 543.3
Work in process 326.1 311.4 276.3
Semi-finished and finished products 892.3 515.3 450.0
Goods 98.2 168.1 139.8
Inventories and work in process, net 2,055.9 1,636.6 1,409.4
Dec. 31, 2006 Dec. 31, 2005 Dec. 31, 2004
Accounts receivable 2,509.2 2,204.4 1,772.5
Notes receivable 386.7 417.5 396.2
Advances to suppliers 85.9 71.4 63.0
Accounts receivable at cost 2,981.8 2,693.3 2,231.7
Impairment (99.0) (106.6) (96.0)
Accounts receivable, net 2,882.8 2,586.7 2,135.7
The Group’s accounts receivable are generated from sales to customers operating in a wide range of businesses
and geographic regions. Consequently, the Group believes that there is no significant concentration of credit risk.
All trade accounts receivable are due in less than one year.