Connect - Schneider Electric
Connect - Schneider Electric
Connect - Schneider Electric
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Note 18 Trade accounts receivable<br />
CONSOLIDATED FINANCIAL STATEMENTS<br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
Dec. 31, 2011 Dec. 31, 2010<br />
Accounts receivable 5,442 4,276<br />
Notes receivable 185 265<br />
Advances to suppliers 116 98<br />
Accounts receivable at cost 5,744 4,639<br />
Impairment (259) (198)<br />
Accounts receivable, net<br />
Of which:<br />
5,484 4,441<br />
On time 4,446 3,658<br />
Less than one month past due 400 326<br />
One to two months past due 168 126<br />
Two to three months past due 112 100<br />
Three to four months past due 93 79<br />
More than four months past due 265 152<br />
ACCOUNTS RECEIVABLE, NET 5,484 4,441<br />
Accounts receivable result from sales to end-customers, who are<br />
widely spread both geographically and economically. Consequently,<br />
the Group believes that there is no signifi cant concentration of<br />
credit risk.<br />
Changes in provisions for impairment of short and long-term trade accounts receivable were as follows:<br />
In addition, the Group takes out substantial credit insurance and<br />
uses other types of guarantees to limit the risk of losses on trade<br />
accounts receivable.<br />
Dec. 31, 2011 Dec. 31, 2010<br />
Provisions for impairment on January 1 (198) (140)<br />
Additions (34) (47)<br />
Utilizations 31 23<br />
Reversals of surplus provisions 3 3<br />
Translation adjustments 3 (10)<br />
Other (64) (27)<br />
PROVISIONS FOR IMPAIRMENT ON DECEMBER 31 (259) (198)<br />
Note 19 Other receivables and prepaid expenses<br />
Dec. 31, 2011 Dec. 31, 2010<br />
Other receivables 337 236<br />
Other tax credits 1,039 698<br />
Derivative instruments 82 118<br />
Prepaid expenses 180 160<br />
TOTAL 1,638 1,212<br />
2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC<br />
181<br />
5