TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

TDC Group Annual Report 2011
Note 17 Receivables DKKm
2011 2010
Trade receivables 4,631 4,379
Allowances for doubtful debts (268) (245)
Trade receivables, net 4,363 4,134
Receivables from group enterprises 0 31
Contract work in progress (see table below for details) 78 90
Other receivables 610 390
Total 5,051 4,645
Recognised as follows in the Balance Sheets:
Non-current assets 278 241
Current assets 4,773 4,404
Total 5,051 4,645
Allowances for doubtful debts at 1 January (245) (338)
Transferred to discontinued operations 0 58
Additions (164) (167)
Deductions 141 202
Allowances for doubtful debts at 31 December (268) (245)
Receivables past due and impaired 652 652
Receivables past due but not impaired 559 422
Receivables past due but not impaired can be specified as follows:
Receivables past due less than 6 months 435 353
Receivables past due between 6 and 12 months 74 22
Receivables past due more than 12 months 50 47
Total 559 422
Of the receivables classified as current assets at 31
December 2011, DKK 78m falls due after more than one
year, compared with DKK 0m at 31 December 2010.
Trade receivables past due amounted to DKK 1,211m
compared with DKK 1,074m at 31 December 2010. Other
receivables contain write-down for impairment of DKK 15m
compared with DKK 15m at December 2010. Other classes
within receivables do not contain impaired assets.
The carrying amount of charged receivables amounted to
DKK0m at 31 December 2011, compared with DKK 0m at 31
December 2010.
Contract work in progress DKKm
2011 2010
Value of contract work in progress 328 285
Invoicing on account (276) (210)
Total 52 75
Recognised as follows in the Balance Sheets:
Contract work in progress (assets) 78 90
Contract work in progress (prepayments from customers) (26) (15)
Total 52 75
Recognised as revenue from contract work in progress 396 419
136