SwissInfo

CONSOLIDATED FINANCIALSTATEMENTS
BarryCallebaut
Annual Report2010/11
Aging of trade receivables
as of August 31, 2011 2010
in thousands of CHF
Total trade receivables 294,465 334,650
Less impairmentprovision fortrade receivables (18,312) (20,014)
Total trade receivables 276,153 314,636
Of which:
Not overdue 256,074 269,092
Impairmentprovision fortrade receivables not overdue (168) (144)
Past due less than 90 days 14,590 35,427
Impairmentprovision fortrade receivables past due less
than 90 days (316) (347)
Past due morethan 90 days 23,801 30,131
Impairmentprovision fortrade receivables past due more
than 90 days (17,828) (19,523)
Total trade receivables 276,153 314,636
The trade receivables arecontractually due within aperiod of one to 120 days.
The individually impaired receivables mainly relate to customers,which are indifficult economic
situations.
Movements in impairment provision for trade receivables
in thousands of CHF 2010/11 2009/10
as of September 1, 20,014 22,592
Additions 9,127 7,171
Amounts written off as uncollectible (4,268) (3,850)
Unused amounts reversed (2,999) (2,330)
Currency translation adjustment (2,197) (3,569)
Reclassified to assets held forsale (1,365) –
as of August 31, 18,312 20,014
Based on historic impairment rates and expected performance of the customers’ payment
behavior,the Group believes that the impairment provision for trade receivables sufficiently
covers the risk of default. Based on an individual assessment on the credit risks related with
other receivables, the Group identified no need for an impairment provision. Details on
credit risks can be found in note 27.
13 Inventories
as of August 31, 2011 2010
in thousands of CHF
Cocoabean stocks 372,856 369,758
Semi-finished and finished products 603,191 698,243
Other rawmaterials and packaging materials 89,606 118,230
Total inventories 1,065,653 1,186,231
94