APC 2015 Annual Report Download - page 218

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC216
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
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:
Full year 2015 Full year 2014
Provisions for impairment on January1 (378) (347)
Additions (109) (84)
Utilizations 67 57
Reversals of surplus provisions 12 7
Translation adjustments (11) (13)
Other (54) 2
PROVISIONS FOR IMPAIRMENT ON DECEMBER31 (473) (378)
Note19 Other receivables and prepaid expenses
Dec.31, 2015 Dec.31, 2014
Other receivables 366 347
Other tax credits 918 1,036
Derivative instruments 139 98
Prepaid expenses 277 248
TOTAL 1,700 1,729
Note20 Cash and cash equivalents
Dec.31, 2015 Dec.31, 2014
Marketable securities 1,310 714
Negotiable debt securities and short-term deposits 65 50
Cash and cash equivalents 1,624 1,886
Total cash and cash equivalents 2,999 2,650
Bank overdrafts (150) (212)
NET CASH AND CASH EQUIVALENTS 2,849 2,438
Non-recourse factoring of trade receivables were realized during the second semester of 2015 for a total amount of EUR130 million,
compared with EUR133million during the second semesterof2014.