Annual Report Hunter Douglas

Notes to consolidated financial statements
11. Trade and other receivables (current)
Amounts in millions | 2010 | | 2009 |
Trade receivables 385 391
Financial institutions 38 26
Short-term advances 7 9
430 426
Trade receivables are non-interest bearing and are generally on 30-60 day terms.
As at 31 December 2010, trade receivables at nominal value of 36 (2009: 38) were impaired and fully provided for.
Movements in the provision for impairment of trade receivables were as follows:
Amounts in millions | 2010 | | 2009 |
At 1 January 38 37
Additions 16 22
Deductions -18 -21
At 31 December 36 38
As at 31 December the ageing of trade receivables that were not impaired is as follows:
Not due
Past due
Amounts in millions < 30 days 30-60 days 60-90 days 90-120 days > 120 days
2010 248 83 24 15 15
2009 242 85 26 19 19
12. Prepayments
Amounts in millions | 2010 | | 2009 |
Prepaid expenses 126 109
Prepaid taxes (no income tax) 10 13
Other 5 7
141 129
The net amount of sales tax receivable and sales tax payable is non-interest bearing and is remitted to the appropriate
taxation authorities on a monthly basis.
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Hunter Douglas Annual Report 2010 Notes to consolidated financial statements