Registration Document BOUYGUES

4.2 Advances and down-payments on orders 390
31 December 2011 31 December 2010
Gross
value Impairment
Carrying
amount
Gross
value
Impairment
Carrying
amount
Advances and down-payments on orders 404 (14) 390 410 (14) 396
4.3 Trade receivables, tax assets and other current receivables 8,910
Gross
value
31 December 2011 31 December 2010
Impairment
Carrying
amount
Gross
value
Impairment
Carrying
amount
Trade receivables (including
unbilled receivables) 7,278 (539) 6,739 6,624 (457) 6,167
Current tax assets
(tax receivable) 123 (2) 121 136 (2) 134
Other receivables and prepaid
expenses:
• Other operating receivables
(employees, social security,
government and other) 1,338 (79) 1,259 1,292 (76) 1,216
• Sundry receivables 656 (81) 575 630 (81) 549
• Prepaid expenses 216 216 217 217
Total other current receivables and
prepaid expenses 2,210 (160) 2,050 2,139 (157) 1,982
Total 9,611 (701) 8,910 8,899 (616) 8,283
4.4 Cash and cash equivalents 3,415
Gross
value
31 December 2011 31 December 2010
Impairment
Carrying
amount
Gross
value
Impairment
Carrying
amount
Cash 1,297 1,297 a 1,977 1,977
Cash equivalents 2,124 (6) 2,118 b 3,601 (2) 3,599
Total 3,421 (6) 3,415 5,578 (2) 5,576
(a) Includes €329m of term deposits maturing within less than 3 months recorded in the books of Bouygues SA
(b) €1,965m of these cash equivalents are held by Bouygues SA.
Surplus cash is invested with high-quality French and foreign banks.
Cash equivalents are readily convertible into cash.
Cash and cash equivalents are measured at fair value.
All investments of cash and equivalents were available as at 31 December 2011.
The net cash position shown in the cash flow statement comprises the following items:
Split of cash position
by currency
Euro
Pound
sterling
Swiss
franc
Other
European
currencies
US
dollar
Other
currencies
Total
31/12/2011
Total
31/12/2010
Cash 655 131 33 1 54 423 1,297 1,977
Cash equivalents 2,104 1 13 2,118 3,599
Overdrafts and short-term
bank borrowings (99) (1) (51) (88) (239) (294)
Total: 31 December 2011 2,660 131 32 (50) 55 348 3,176 5,282
Total: 31 December 2010 4,795 103 53 (19) 38 312 5,282
Split of carrying amount of trade receivables between non past due and past due
balances
Non past due Balances past due by:
balances 0-6 months 6-12 months > 12 months Total
Trade receivables 5,213 1,235 381 449 7,278
Impairment of trade receivables (73) (76) (103) (287) (539)
Carrying amount of trade receivables
at 31 December 2011 5,140 1,159 278 162 a 6,739
Carrying amount of trade receivables
at 31 December 2010 4,483 1,292 184 208 6,167
(a) Includes €81m for Colas and €56m for Bouygues Construction
An analysis of unimpaired trade receivables more than 12 months past due revealed no additional credit risk
(recoverable VAT, offset with trade creditors, etc.).
BOUYGUES • 2011 Registration Document • FINANCIAL STATEMENTS • Consolidated financial statements • 240