APC 2009 Annual Report Download - page 145

2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 143
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note18 Trade accounts receivable
Dec. 31, 2009 Dec. 31, 2008
Accounts receivable 2,923 3,203
Notes receivable 231 391
Advances to suppliers 57 63
Accounts receivable at cost 3,211 3,657
Impairment (140) (120)
Accounts receivable, net 3,071 3,537
Of which:
On time 2,499 2,915
Less than one month past due 257 307
One to two months past due 113 119
Two to three months past due 59 62
Three to four months past due 42 48
More than four months past due 101 86
ACCOUNTS RECEIVABLE, NET 3,071 3,537
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 signifi cant
concentration of credit risk.
In addition, the Group takes out substantial credit insurance and
uses other types of guarantees to limit the risk of losses on trade
accounts receivable.
Changes in provisions for impairment of short and long-term trade accounts receivable were as follows:
Dec. 31, 2009 Dec. 31, 2008
Provisions for impairment on January 1 (120) (93)
Additions (37) (50)
Utilizations 18 27
Reversals of surplus provisions 23
Translation adjustment 10
Other (4) (7)
PROVISIONS FOR IMPAIRMENT ON DECEMBER 31 (140) (120)
Note19 Other receivables and prepaid expenses
Dec. 31, 2009 Dec. 31, 2008
Other receivables 217 204
Other tax credits 438 448
Derivative instruments 57 95
Prepaid expenses 185 178
TOTAL 897 925