ANNUAL REPORT ‘12
NOTES TO THE FINANCIAL STATEMENTS
223
The antiquity of receivables in the Group is as follows:
The Group has no significant concentrated areas of risk and assesses the credit risk of its customers using an
approach based on the potential impact of any default on the Group’s financial situation.
This risk is assessed using specific tools, namely Dun & Bradstreet’s Portfolio Manager, which classifies customers
into risk bands.
Credit risk is systematically monitored and the Group has implemented a number of credit risk mitigation measures,
including the provision of bank guarantees as a function of the level of credit extended.
19_LOSSES DUE TO ASSET IMPAIRMENT
The impairment losses ascertained during the financial year were shown as expenditure in the income statement.
In the same manner, the reversal of impairment losses has been recognised as income in the financial statements.
Accounts receivables
31,354,957.96
7,858,245.17
157,725.28
910,537.57
8,838,174.48
Other debtors
1,508,743.72
3,124,689.00
-
6,086,013.03
2,946,810.03
Subsidies receivable
879,644.86
-
-
-
-
Guarantees to third parties
11,009.08
-
-
-
-
2012
6-12 months
>12 months
0-6 months
Arrears without impairment
Outstanding
In impairment
6-12 months
>12 months
0-6 months
Arrears without impairment
Outstanding
In impairment
Accounts receivables
30,228,529.40
9,945,560.13
1,172,972.50
129,317.67
9,043,396.87
Other debtors
8,094,610.48
-
3,408,819.00
2,748,484.68
6,478,025.47
Guarantees to third parties
11,009.08
-
-
-
-
2011
