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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES

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The value of trade receivables not past due is Euro 866 million at 31 December 2015 (Euro 769 million at 31

December 2014). 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.

The following table breaks down trade and other receivables according to the currency in which they are

expressed:

The allowance for doubtful accounts amounts to Euro 52 million at 31 December 2015 (Euro 58 million at the

end of 2014). Movements in this allowance are shown in the following table: