|
Group |
Company |
| (all amounts in Euro thousands) |
2013 |
2012 |
2013 |
2012 |
| Trade receivables |
133.681 |
136.182 |
17.666 |
18.945 |
| Cheques receivables |
20.172 |
23.000 |
5.883 |
7.339 |
| Trade receivables from related parties (note 33) |
- |
- |
10.561 |
10.505 |
| Allowance for doubtful debtors |
-28.820 |
-31.694 |
-5.402 |
-6.131 |
|
125.033 |
127.488 |
28.708 |
30.658 |
| Creditors advances |
4.161 |
2.766 |
93 |
75 |
| Income tax receivables |
3.431 |
6.416 |
375 |
3.626 |
| V.A.T. and other tax receivables |
19.941 |
22.024 |
1.799 |
542 |
| Clay fee receivable (note 4, 29, 37 ) |
2.077 |
8.577 |
- |
- |
| Prepayments and other receivables |
34.645 |
36.151 |
13.706 |
14.517 |
| Other receivables from related parties (note 33 ) |
9 |
9 |
2.752 |
9.501 |
| Allowance for doubtful debtors |
-2.195 |
-4.251 |
-1.763 |
-1.620 |
|
62.069 |
71.692 |
16.962 |
26.641 |
|
187.102 |
199.180 |
45.670 |
57.299 |
The €2.1 mil. (2012: €8.6 mil.) "clay fee receivable" is the amount of the refundable clay fee recorded from the Group's subsidiaries in Egypt.
As at 31 December, the ageing analysis of trade receivables is as follows:
|
Group |
Company |
| (all amounts in Euro thousands) |
2013 |
2012 |
2013 |
2012 |
| Neither past due but not impaired |
72.350 |
67.635 |
23.000 |
21.884 |
| Past due nor impaired : |
|
|
|
|
| < 30 days |
23.894 |
26.287 |
3.049 |
3.700 |
| 30-60 days |
8.296 |
12.738 |
489 |
2.438 |
| 60-90 days |
2.765 |
4.773 |
311 |
563 |
| 90-120 days |
2.897 |
3.992 |
97 |
203 |
| >120 days |
14.831 |
12.063 |
1.762 |
1.870 |
|
125.033 |
127.488 |
28.708 |
30.658 |
Part of the aforementioned trade receivables is secured by guarantees/collaterals, amounting to €26,743 thousand for the Group and €11,456 thousand for the Company (note 32).
Trade receivables are non-interest bearing and are normally settled on 30-170 days for the Group and the Company.
| Allowance for doubtful debtors analysis |
Group |
Company |
| (all amounts in Euro thousands) |
2013 |
2012 |
2013 |
2012 |
| Balance at 1 January |
35.945 |
38.397 |
7.751 |
9.995 |
| Charge for the year (note 29 ) |
6.299 |
12.205 |
1.604 |
2.166 |
| Unused amounts reversed (note 29 ) |
-8.486 |
-12.118 |
-1.570 |
-3.778 |
| Utilized |
-1.983 |
-2.582 |
-620 |
-632 |
| Reclassification from receivables/payables |
-301 |
114 |
- |
- |
| Exchange differences |
-459 |
-71 |
- |
- |
| Balance at 31 December |
31.015 |
35.945 |
7.165 |
7.751 |