annual-and-sustainability-report-2014

Notes to the consolidated accountsNote 34 Trade receivables and other receivables2014 2013Accounts receivable – trade 25,014 29,520Receivables from associated companies 30 25Other receivables 6,173 4,905Total 31,217 34,450Age analysisThe collection period is normally between 10 and 30 daysReceivables,gross2014 2013ImpairedreceivablesReceivables,netReceivables,grossImpairedreceivablesReceivables,netAccounts receivable - tradeNot due 20,831 24 20,807 24,551 26 24,525Past due 1–30 days 1,759 21 1,738 1,762 39 1,723Past due 31–90 days 610 41 569 671 38 633Past due >90 days 3,269 1,369 1,900 3,828 1,189 2,639Total 26,469 1,455 25,014 30,812 1,292 29,520Receivables from associated companiesNot due 28 — 28 14 — 14Past due 1–30 days 2 — 2 5 — 5Past due 31–90 days — — — 2 — 2Past due >90 days — — — 4 — 4Total 30 — 30 25 — 25Other receivablesNot due 5,035 2 5,033 4,859 2 4,857Past due 1–30 days 237 21 216 41 2 39Past due 31–90 days 153 30 123 5 1 4Past due >90 days 851 50 801 33 28 5Total 6,276 103 6,173 4,938 33 4,905Impaired receivables as above:2014 2013Balance brought forward 1,325 980Provision for impairment losses 556 587Impairment losses -323 -269Reversed impairment losses -44 -13Reclassifications 1 15Divested companies -33 -1Translation differences 76 26Balance carried forward 1,558 1,325Note 35 Advance payments paid2014 2013Margin calls paid, energy trading 2,150 2,368Other advance payments 467 397Total 2,617 2,765A margin call is a marginal security (collateral) that Vattenfall pays its counterparty,i.e., to the holder of a derivative position to cover the counterpart’s creditrisk, either bilaterally via OTC or through an exchange. In Vattenfall’s businessactivities, margin calls occur in energy trading and in the treasury operations.Margin calls paid within energy trading are recognised on the balance sheet asadvance payments received and are thereby recognised in the statement of cashflows as cash flows from changes in operating assets. Margin calls paid withinfinancing activities are recognised as short-term investments (Note 37 to theconsolidated accounts, Short-term investments) and are thereby reported in thestatement of cash flows as cash flows from financing activities.Note 36 Prepaid expenses and accrued income2014 2013Prepaid insurance premiums 68 198Prepaid expenses, other 553 415Prepaid expenses and accrued income, electricity 2,367 2,618Accrued income, other 2,634 3,054Total 5,622 6,285Vattenfall Annual and sustainability report 2014 111