APC 2014 Annual Report Download - page 213

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Trade accounts receivable Note18
Dec.31, 2014 Dec.31, 2013*
Accounts receivable 6,037 5,194
Notes receivable 213 205
Advances to suppliers 119 93
Accounts receivable at cost 6,369 5,492
Impairment (378) (347)
Accounts receivable, net 5,991 5,145
Of which:
On time 5,048 4,297
Less than one month past due 397 340
One to two months past due 199 175
Two to three months past due 105 87
Three to four months past due 70 60
More than four months past due 172 186
ACCOUNTS RECEIVABLE, NET 5,991 5,145
The 2013 figures were restated from the change in consolidation method disclosed in note1.*
Accounts receivable result from sales to end-customers, who are In addition, the Group takes out substantial credit insurance and
widely spread both geographically and economically. uses other types of guarantees to limit the risk of losses on trade
Consequently, the Group believes that there is no significant accounts receivable.
concentration of creditrisk.
Changes in provisions for impairment of short and long-term trade accounts receivable were as follows:
Full year 2014 Full year 2013*
Provisions for impairment on January1 (347) (306)
Additions (84) (58)
Utilizations 57 38
5
Reversals of surplus provisions 7 11
Translation adjustments (13) 16
Other 2 (48)
PROVISIONS FOR IMPAIRMENT ON DECEMBER31 (378) (347)
The 2013 figures were restated from the change in consolidation method disclosed in note1.*
Other receivables and prepaid expenses Note19
Dec.31, 2014 Dec.31, 2013*
Other receivables 347 299
Other tax credits 1,036 686
Derivative instruments 98 191
Prepaid expenses 248 194
TOTAL 1,729 1,370
* The 2013 figures were restated from the change in consolidation method disclosed in note1.
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2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC