Annual Report 2014

Financial report
Consolidated financial statements
14.2. Exposure to credit risk – impairment losses
The ageing of trade and other receivables at reporting date was as follows:
IN THOUSANDS OF EUR 2013 2014
Neither impaired nor past due at reporting date 342,750 331,517
Not impaired at reporting date and past due 82,950 73,068
Up to 30 days 56,082 49,681
Between 31 and 60 days 11,719 10,068
Between 61 and 90 days 3,750 3,752
Between 91 and 120 days 2,675 3,130
Between 121 and 150 days 1,312 2,636
More than 150 days 7,412 3,801
Net carrying amount at the end of the year 425,700 404,585
The movement in the allowance for impairment of current trade and other receivables was as follows:
IN THOUSANDS OF EUR 2013 2014
Allowances at the beginning of the year -25,345 -22,597
Additions -4,816 -4,467
Use 4,716 3,969
Reversal 3,680 1,620
Change in the scope of consolidation -832 233
Allowances at the end of the year -22,597 -21,242
14.3. Other current assets
IN THOUSANDS OF EUR 2013 2014
Available-for-sale investments 491 -
Deposits 3,936 1,079
Total 4,427 1,079
Note 15 – Inventories
The different types of inventories are detailed below:
IN THOUSANDS OF EUR 2013 2014
Raw materials 118,134 122,498
Work in progress 41,734 38,714
Finished goods 225,964 246,239
Spare parts and consumables 88,935 90,418
Goods purchased for resale 39,230 35,595
Write-downs to net realisable value -39,210 -40,766
Total 474,787 492,698
In 2014, the Group recognised inventory write-downs to net realisable value of € 3,204 thousand (€ 3,453 thousand in 2013)
as an expense, including reversal of prior year write-downs amounting to € 8,684 thousand (€ 6,637 thousand in 2013).
Reversals of write-downs without impact on the income statement amount to € 1,617 thousand (€ 1,816 thousand in 2013).
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