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Financial review 2010
The maximum exposure to credit risk for trade and other receivables at the reporting date by geographic region
was as follows:
EUR’000
Carrying amount
2010 2009
Euro­zone countries (EUR) 202,201 161,337
United Kingdom (GBP) 8,221 7,675
Poland (PLN) 13,650 7,665
Ageing and impairment losses
The ageing of trade and other receivables at the reporting date was as follows:
EUR’000
224,072 176,677
2010 2009
Gross Impairment Gross Impairment
Not past due 199,930 0 156,962 0
Past due 0 ­ 30 days 19,770 0 15,993 0
Past due 31 ­ 60 days 1,963 0 2,074 0
Past due more than 60 days 3,836 1,427 2,964 1,316
225,499 1,427 177,993 1,316
The movements in the impairment loss in respect of trade and other receivables during the year were as follows:
EUR’000
2010 2009
January 1 1,316 1,730
Impairment loss recognized 441 167
Acquisitions 204 0
Release of provision (367) (238)
Written off (180) (350)
Effect of movements in exchange rates 13 7
december 31 1,427 1,316
The Group determines impairment losses on the basis of specific estimates of losses incurred in respect of trade
and other receivables. Based on historic default rates, the Group believes that no impairment loss has occurred in
respect of trade receivables not past due or past due by up to 60 days.