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Part 3 - Financial statements
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28. Trade and other receivables
in EUR ‘000’ 31/12/12 31/12/11 31/12/10
Trade receivables 102 182 68 365 85 213
less : impairment of doubtful receivables (2 553 ) (2 833 ) (3 358 )
Trade receivables - net 99 629 65 532 81 855
Retentions 5 919 5 715 4 212
Prepayments 14 045 8 995 6 556
Cash deposits and guarantees paid 857 699 767
Receivables on related parties 3 005 2 866 1 372
Other receivables 21 050 11 926 11 517
Total 144 505 95 733 106 279
Non-current Trade and other receivables
Cash deposits and guarantees paid 828 630 623
Other non-current receivables 1 896 1 801 2 112
Less: non-current receivables (2 724 ) (2 431 ) (2 735 )
Trade and other receivables - current 141 781 93 302 103 544
On 31 December 2012, the amount of receivables
assigned without recourse to financial organizations and
that are deducted from the section ‘Trade receivables’
according to criteria included in IAS 39 was EUR
30.000 thousand (EUR 15.948 thousand in 2011
and 3.188 thousand in 2010).
Local practice sometimes requires that customers retain
a percentage on payments (called retention) until the
final acceptance of the contract. This percentage is
generally limited to 10%.
29. Cash and cash equivalents
in EUR ‘000’ 31/12/12 31/12/11 31/12/10
Credit Institutions 79 656 77 673 25 740
Cash in hand 76 143 838
Fixed income securities - - 37 422
Short term cash deposits 4 193 5 411 4 077
Cash and cash equivalents 83 925 83 227 68 077
On 31 December 2012, the amount of cash and
cash equivalents that the Group could not dispose
of freely stood at EUR 3.597 thousand (2011:
EUR 3.440 thousand, 2010: EUR 3.798 thousand).
Hamon has modified its policy of cash investment
and now favors, given the decrease of the risks on
the banks, investments towards credit institutions.
In 2010, the fixed income securities were composed
of investments in two Money Market Funds invested
in American Treasury bonds and guaranteed bonds of
the US Department of Treasury.