APC 2011 Annual Report Download - page 183

1812011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec.31, 2011 Dec.31, 2010
Accounts receivable 5,442 4,276
Notes receivable 185 265
Advances to suppliers 116 98
Accounts receivable at cost 5,744 4,639
Impairment (259) (198)
Accounts receivable, net 5,484 4,441
Of which:
On time 4,446 3,658
Less than one month past due 400 326
One to two months past due 168 126
Two to three months past due 112 100
Three to four months past due 93 79
More than four months past due 265 152
ACCOUNTS RECEIVABLE, NET 5,484 4,441
Note18 Trade accounts receivable
Accounts receivable result from sales to end-customers, who are
widely spread both geographically and economically. 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, 2011 Dec.31, 2010
Provisions for impairment on January1 (198) (140)
Additions (34) (47)
Utilizations 31 23
Reversals of surplus provisions 33
Translation adjustments 3 (10)
Other (64) (27)
PROVISIONS FOR IMPAIRMENT ON DECEMBER31 (259) (198)
Note19 Other receivables and prepaid expenses
Dec.31, 2011 Dec.31, 2010
Other receivables 337 236
Other tax credits 1,039 698
Derivative instruments 82 118
Prepaid expenses 180 160
TOTAL 1,638 1,212