2010Annual Report - Schneider Electric CZ, s.r.o.

5 CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
182
Note 17 Inventories and work in progress
Inventories and work in process changed as follows:
Dec. 31, 2010 Dec. 31, 2009
Cost:
Raw materials 1,461 947
Work in progress 559 317
Semi-fi nished and fi nished products 1,384 1,124
Goods 84 67
INVENTORIES AND WORK IN PROGRESS AT COST
Impairment:
3,488 2,455
Raw materials (169) (124)
Work in progress (20) (15)
Semi-fi nished and fi nished products (147) (131)
Goods (13) (11)
IMPAIRMENT
Net:
(349) (281)
Raw materials 1,292 823
Work in progress 539 302
Semi-fi nished and fi nished products 1,237 993
Goods 71 56
INVENTORIES AND WORK IN PROGRESS, NET 3,139 2,174
Note 18 Trade accounts receivable
Dec. 31, 2010 Dec. 31, 2009
Accounts receivable 4,276 2,923
Notes receivable 265 231
Advances to suppliers 98 57
Accounts receivable at cost 4,639 3,211
Impairment (198) (140)
Accounts receivable, net
Of which:
4,441 3,071
On time 3,658 2,499
Less than one month past due 326 257
One to two months past due 126 113
Two to three months past due 100 59
Three to four months past due 79 42
More than four months past due 152 101
ACCOUNTS RECEIVABLE, NET 4,441 3,071
Accounts receivable result from sales to end-customers, who are
widely spread both geographically and economically. Consequently,
the Group believes that there is no signifi cant concentration of credit
risk.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
In addition, the Group takes out substantial credit insurance and
uses other types of guarantees to limit the risk of losses on trade
accounts receivable.