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Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
188
Trade receivables
The gross amount of past due receivables that are totally
or partially impaired is Euro 211 million at 31 December 2014
(Euro 194 million at 31 December 2013).
The ageing of past due impaired receivables is as follows:
31 December 2014
31 December 2013 (*)
1 to 30 days past due
77
73
31 to 90 days past due
45
46
91 to 180 days past due
24
18
181 to 365 days past due
20
19
More than 365 days past due
45
38
Total
211
194
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
The value of trade receivables past due but not impaired
is Euro 30 million at 31 December 2014 (Euro 66 million
at 31 December 2013). These receivables mainly relate to
customers in the Energy Products operating segment, which
have been insured against the risk of any bad debts arising
from effective or legal customer insolvency.
The ageing of receivables that are past due but not impaired
is as follows:
31 December 2014
31 December 2013 (*)
1 to 30 days past due
16
44
31 to 90 days past due
3
9
91 to 180 days past due
1
8
181 to 365 days past due
8
4
More than 365 days past due
2
1
Total
30
66
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
The value of trade receivables not past due is Euro 769 million
at 31 December 2014 (Euro 726 million at 31 December 2013).
There are no particular problems with the quality of these
receivables and there are no material amounts that would
otherwise be past due if their original due dates had not been
renegotiated.
(in millions of Euro)
(in millions of Euro)