Uster Technologies Ltd | Annual Report 2009 Uster Technologies ...

The ageing of these receivables is as follows:in CHF 1,000 Dec 31, 2009 Dec 31, 2008Not overdue 12,197 9,018Overdue 1 to 60 days 2,572 2,779Overdue 61 to 90 days 313 379Overdue 91 to 120 days 18 58Overdue 121 to 150 days 8 1Overdue more than 150 days 0 0Total 15,108 12,235Provisions for uncollectible amounts are established based upon the difference between the receivable valueand the estimated net collectible amount. Uster establishes its provision for doubtful accounts receivabletrade based on historical loss experiences.The effective losses of accounts receivables recognized in 2009 amount to CHF 59,000 (2008: CHF 90,000).The following table summarizes the movements in the allowance for uncollectible amounts:in CHF 1,000 Dec 31, 2009 Dec 31, 2008Balance at January 1 -817 -918Amounts used 59 90Reversals 431 136Increases -553 -161Translation adjustments 2 36Balance at December 31 -878 -817The creation and release of the valuation allowance is included in sales deductions in the Statement ofComprehensive Income.19 Other Receivablesin CHF 1,000 Dec 31, 2009 Dec 31, 2008VAT receivables 719 767Other financial receivables 408 332Prepaid expenses 713 635Total 1,840 1,734They do hardly bear any risk and therefore no provision for impairment has been recognized on these balances.90 Uster Group – Notes to the Consolidated Financial Statements 2009