DRAVA, KUPA, RJE»INA, LOKVARKA, LI»ANKA LIKA, DOBRA ...

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HEP ANNUAL REPORT 2010
CHAPTER 6 - FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS OF THE HEP GROUP (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2010
20. TRADE RECEIVABLES (continued)
Ageing analysis of receivables not impaired is as follows:
31 December 2010 31 December 2009
HRK’000 HRK’000
Not yet due 1,044,409
0-30 days 347,291 Not yet due 775,460
31-60 days 145,786 0-60 days 343,778
61-90 days 64,544 61-90 days 109,517
91-180 days 68,461 91-120 days 49,647
181-365 days 50,294 121-365 days 152,228
Over 365 days 9,543 Over 365 days 63,359
1,730,328 1,493,989
In 2010 the Group changed its estimates of receivable ageing categories and allowance percentages. The effect of
the change in the estimates reflected through an decrease of provisions for 2010 by HRK 10,630 thousand.
Movements in impairment allowance were as follows:
31 December 2010 31 December 2009
HRK’000 HRK’000
At 1 January 402,876 239,989
Provisions for potential losses on receivables and interest on receivables (Note
7)
332,139 275,006
Reversal of prior-year provisions (25,074) (21,086)
Amounts collected (Note 5) (134,531) (91,033)
At 31 December 575,410 402,876
Management conducts a value adjustment of bad and doubtful receivables based on a review of the overall ageing
structure of all receivables and based on a review of significant individual amounts involved in the receivables.