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€ million |
2011 |
2010 | ||||||||||||
|
|
Total |
Of which |
Of which |
Total |
Of which |
Of which | ||||||||
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|
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Trade receivables |
566.1 |
– |
566.1 |
596.0 |
– |
596.0 | ||||||||
|
Other receivables from |
0.6 |
– |
0.6 |
1.2 |
– |
1.2 | ||||||||
|
Advance payments |
16.4 |
– |
16.4 |
– |
– |
– | ||||||||
|
Loan and interest receivables |
2.0 |
– |
2.0 |
6.8 |
– |
6.8 | ||||||||
|
Derivative financial instruments |
17.9 |
1.0 |
16.9 |
39.5 |
16.9 |
22.6 | ||||||||
|
Prepaid expenses and |
7.2 |
– |
7.2 |
5.9 |
– |
5.9 | ||||||||
|
Investment fund shares1 |
4.4 |
4.4 |
– |
10.2 |
10.2 |
– | ||||||||
|
Claims arising from investment grants |
38.1 |
– |
38.1 |
68.9 |
– |
68.9 | ||||||||
|
Claims against suppliers |
4.3 |
0.1 |
4.2 |
9.6 |
0.1 |
9.5 | ||||||||
|
Assets from excess |
7.6 |
7.6 |
– |
10.3 |
9.7 |
0.6 | ||||||||
|
Sundry assets |
47.6 |
0.2 |
47.4 |
37.9 |
0.2 |
37.7 | ||||||||
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Other assets |
146.1 |
13.3 |
132.8 |
190.3 |
37.1 |
153.2 | ||||||||
|
Of which noncurrent, |
– |
7.7 |
– |
– |
9.7 |
– | ||||||||
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|
|
|
|
|
|
| ||||||||
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Tax receivables |
128.2 |
10.9 |
117.3 |
99.8 |
12.7 |
87.1 | ||||||||
|
Of which noncurrent, |
– |
2.3 |
– |
– |
4.7 |
– | ||||||||
Receivables are shown at amortized cost, which corresponds to their market values. If not covered by insurance, default risks are taken into account with adequate valuation allowances.
Other receivables from associated companies contain the following receivables from finance leases:
| download table |
|
€ million |
2011 |
2010 | ||||||||||
|
|
Total |
Of which |
Of which |
Total |
Of which |
Of which | ||||||
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Other receivables from associated companies contain receivables from finance leases |
0.6 |
– |
0.6 |
0.5 |
– |
0.5 | ||||||
|
Associated gross investment |
1.1 |
1.0 |
0.1 |
1.0 |
0.9 |
0.1 | ||||||
|
Present value of outstanding minimum payments due |
0.4 |
0.4 |
– |
0.4 |
0.4 |
– | ||||||
|
As yet unrealized financial income |
0.6 |
0.6 |
– |
0.6 |
0.6 |
– | ||||||
Valuation allowances and overdue debts have developed as follows:
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Development of Valuation Allowances/Overdue Debts | ||||||||||||
|
€ million |
2011 |
2010 | ||||||||||
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|
Trade |
Other |
Total |
Trade |
Other |
Total | ||||||
|
Valuation allowances |
|
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|
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| ||||||
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As of Jan. 1 |
12.3 |
0.9 |
13.2 |
20.6 |
0.9 |
21.5 | ||||||
|
Utilization |
-2.0 |
– |
-2.0 |
-1.4 |
– |
-1.4 | ||||||
|
Additions/reversals |
-4.5 |
– |
-4.5 |
-8.1 |
– |
-8.1 | ||||||
|
Exchange-rate differences |
-0.2 |
– |
-0.2 |
1.2 |
– |
1.2 | ||||||
|
As of Dec. 31 |
5.6 |
0.9 |
6.5 |
12.3 |
0.9 |
13.2 | ||||||
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|
|
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|
|
|
| ||||||
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Overdue debts |
|
|
|
|
|
| ||||||
|
< = 30 days |
107.9 |
0.4 |
108.3 |
80.1 |
11.0 |
91.1 | ||||||
|
> 31 < = 45 days |
14.3 |
– |
14.3 |
3.7 |
– |
3.7 | ||||||
|
> 45 days |
11.5 |
0.3 |
11.8 |
11.7 |
5.1 |
16.8 | ||||||
|
Total |
133.7 |
0.7 |
134.4 |
95.5 |
16.1 |
111.6 | ||||||
Valuation allowances are set up for identifiable credit risks and exchange-rate fluctuations. The maximum default risk is equal to the carrying amount of the uninsured receivables. No loans or receivables were renegotiated to prevent an overdue debt or possible impairment. Based on past experience and on the conditions prevailing as of the reporting date, there are no restrictions with regard to credit quality. The additions and reversals in the valuation allowances for receivables in the reporting year mainly relate to companies in the Siltronic Group and to Wacker Chemical Corporation.