2013-vinci-annual-report

20.2 Breakdown of trade receivables
Trade receivables and allowances were as follows:
(in € millions) 31/12/2013 31/12/2012
Trade receivables invoiced 5,910 6,374
Impairment of trade receivables (390) (410)
Trade receivables, net 5,519 5,963
At 31 December 2013, trade receivables between six and 12 months past due amounted to €184 million (compared with €268 million at
31 December 2012). €32 million of impairment has been recognised in consequence (€28 million at 31 December 2012). Receivables more
than one year past due amounted to €269 million (€281 million at 31 December 2012) and impairment of €176 million has been recognised
in consequence (€152 million at 31 December 2012).
256 VINCI 2013 ANNUAL REPORT
20.3 Breakdown of current provisions
Changes in current provisions reported in the balance sheet were as follows in 2013 and 2012:
(in € millions)
Opening
Provisions
taken
Provisions
used
Other reversals
not used
Changes in
consolidation
scope and
miscellaneous
Change in the
part at less than
one year
of non-current
provisions
Translation
differences
01/01/2012 3,235 1,270 (998) (132) 58 52 (1) 3,484
Obligation to maintain the condition of
concession assets
561 125 (77) (16) (5) – (0) 587
After-sales service 437 151 (109) (36) 6 – 3 451
Losses on completion and construction project
liabilities
914 731 (692) (35) (4) – 4 918
Disputes 510 284 (172) (41) 14 – 1 596
Restructuring costs 33 31 (24) (3) (1) – – 35
Other current liabilities 726 301 (294) (48) 12 – 2 698
Reclassification of the part at less than one year
of non-current provisions
302 – – – (11) (70) (0) 221
31/12/2012 3,484 1,623 (1,368) (180) 10 (70) 9 3,508
Obligation to maintain the condition of
concession assets
587 112 (75) (10) 113 – (1) 726
After-sales service 451 113 (98) (41) (15) – (4) 408
Losses on completion and construction project
liabilities
918 672 (492) (47) (32) – (9) 1,010
Disputes 596 149 (195) (30) (7) – (2) 512
Restructuring costs 35 42 (13) (7) (4) – (0) 54
Other current liabilities 698 267 (217) (32) (2) – (6) 710
Reclassification of the part at less than one year
of non-current provisions
221 – – – (12) 40 (0) 249
31/12/2013 3,508 1,356 (1,089) (166) 43 40 (21) 3,670
Closing
Current provisions (including the part at less than one year of non-current provisions) are directly connected with the operating cycle and
comprise principally the provisions relating to construction contracts and provisions for the obligation to maintain the condition of concession
assets.
For the most part, such provisions cover the expenses incurred by motorway concession operating companies for road repairs (surface
courses, restructuring of slow lanes, etc.), bridges, tunnels and hydraulic infrastructure. These provisions comprise mainly €359 million for
the ASF group at 31 December 2013 (€348 million at 31 December 2012) and €217 million for Cofiroute at 31 December 2013 (€205 million
at 31 December 2012).