2011 Annual Report - OTCIQ.com

114 Notes
(16) Inventories
The following table provides a breakdown of inventories as
of the dates indicated:
Inventories
December 31
€ in millions
2011 2010
Raw materials and supplies 2,160 2,163
Goods purchased for resale 2,488 1,614
Work in progress and finished products 180 287
Total 4,828 4,064
Raw materials, goods purchased for resale and finished
products are generally valued at average cost.
Write-downs totaled €120 million in 2011 (2010: €18 million).
Reversals of write-downs amounted to €11 million in 2011
(2010: €7 million). The carrying amount of inventories recognized
at net realizable value was €65 million (2010: €15 million).
No inventories have been pledged as collateral.
(17) Receivables and Other Assets The following table lists receivables and other assets by
remaining time to maturity as of the dates indicated:
Receivables and Other Assets
December 31, 2011 December 31, 2010
NonNon-
€ in millions
Current current Current current
Receivables from finance leases 78 973 62 896
Other financial receivables and financial assets 1,711 2,646 1,612 2,461
Financial receivables and other financial assets 1,789 3,619 1,674 3,357
Trade receivables 18,065 – 15,819 –
Receivables from derivative financial instruments 9,863 1,901 7,567 3,068
Other operating assets 3,786 941 4,106 954
Trade receivables and other operating assets 31,714 2,842 27,492 4,022
Total 33,503 6,461 29,166 7,379
As of December 31, 2011, other financial assets include receivables
from owners of non-controlling interests in jointly owned
power plants of €62 million (2010: €104 million) and margin
account deposits for futures trading of €988 million (2010:
€572 million). In addition, based on the provisions of IFRIC 5,
other financial assets include a claim for a refund from the
Swedish Nuclear Waste Fund in the amount of €1,595 million
(2010: €1,498 million) in connection with the decommissioning
of nuclear power plants and nuclear waste disposal. Since
this asset is designated for a particular purpose, E.ON’s access
to it is restricted.
The aging schedule of trade receivables is presented in the
table at right:
Aging Schedule of Trade Receivables
€ in millions 2011 2010
Total trade receivables 18,065 15,819
Not impaired and not yet due 16,393 13,838
Not impaired and up to 60 days past-due 1,050 1,217
Not impaired and 61 to 90 days past-due 114 108
Not impaired and 91 to 180 days past-due 173 199
Not impaired and 181 to 360 days past-due 78 118
Not impaired and over 360 days past-due 52 63
Net value of impaired receivables 205 276