ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

6 Notes
2011 CONSOLIDATED FINANCIAL STATEMENTS
to the Consolidated Financial Statements
NOTE 12 INVENTORIES
Inventories break down as follows:
(in € million) At 31/12/2011 At 31/12/2010 At 31/12/2009
Raw materials and bought-in goods
■ Gross value 40.5 36.9 27.8
■ Impairment (3.6) (3.8) (2.9)
Carrying amount
Industrial work in process
36.9 33.1 24.9
■ Gross value 33.9 30.0 25.0
■ Impairment (1.2) (1.2) (1.0)
Carrying amount
Finished goods (at cost)
32.7 28.8 24.0
■ Gross value 17.1 15.7 15.1
■ Impairment (1.2) (1.1) (0.9)
Carrying amount 15.9 14.6 14.2
TOTAL INVENTORIES NET 85.5 76.5 63.1
All inventories are classifi ed as current assets.
NOTE 13 TRADE AND OTHER RECEIVABLES
Trade and other receivables comprise the following:
(in € million) At 31/12/2011 At 31/12/2010 At 31/12/2009
Trade receivables - gross value 128.7 130.7 114.1
Trade receivables - impairment (1.8) (2.3) (2.1)
Trade receivables - carrying amount 126.9 128.4 112.0
Long-term contract receivables 9.6 6.5 6.2
Other taxes and duties 3.7 4.4 5.1
Prepaid expenses 6.9 3.8 4.3
Amounts due from employees 0.1 0.1 0.1
Advance payments to suppliers 0.6 0.8 0.8
Others 11.7 4.4 0.2
TOTAL TRADE AND OTHER RECEIVABLES 159.5 148.4 128.7
Trade receivables are all due within a year. Other receivables
contractually due at more than one year as at 31 December
2011, amounted to €7.7 million.
160 / SAFT - ANNUAL REPORT 2011
This amount corresponds to the upfront license fee to be
received from Johnson Controls Inc., for the license extension
to use some of Saft’s lithium-ion technologies beyond the
automotive sector. This receivable is due on January 1, 2013.