Financial Statements - Solvay

90
Solvay Global Annual Report 2008
The ageing of trade receivables, other receivables, loans and other non-current assets is as follows:
2007 EUR Million Total With
writedown
Not past
due
Of which receivables without write-down
Less
than
30 days
past due
Between
30 & 60
days
past due
Between
60 & 90
days
past due
More than
90 days
past due
Trade receivables 1 711 12 1 470 158 39 14 17
Other current receivables 566 8 521 8 13 1 15
Loans and
other non-current assets
252 0 237 6 0 0 9
Total 2 529 20 2 228 171 52 15 42
2008 EUR Million Total With
writedown
Not past
due
Of which receivables without write-down
Less
than
30 days
past due
Between
30 & 60
days
past due
Between
60 & 90
days
past due
More than
90 days
past due
Trade receivables 1 666 8 1 432 158 37 14 18
Other current receivables 555 11 501 17 8 4 15
Loans and
other non-current assets
273 1 264 0 0 1 8
Total 2 495 19 2 197 175 45 19 41
The other current receivables consist essentially of other receivables, deferred charges and accrued income.
Other non-current assets consist essentially of pension fund surpluses and other amounts receivable after more than one year.
The table below shows the evolution of write-downs on trade and fi nancial receivables and other non-current assets.
EUR Million 2007 2008
At 1 January -20 -17
Net change 3 -56
At 31 December -17 -73
The net change of EUR 56 million is mainly related to write-downs recorded on fi nancial receivables of non-consolidated
companies of the Innogenetics group recognized before the acquisition of the latter by Solvay.
The management of credit risk is commented on in the “Management of Risks” section (page 107).