Audi 2007 Annual Report Download - page 219
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216
EUR million Overdue, not
impaired
Overdue
Dec. 31, 2006
Up to
30 days 30 to 90 days
More than
90 days
Trade receivables 603 493 46 64
Other receivables 54 26 7 21
Borrowings 0 0 – –
Other 54 26 7 21
Total 657 519 53 85
The vast majority of the overdue and unimpaired financial assets are overdue by only a very
short period – predominantly due to the customer’s purchase invoice and payment pro-
cesses. It was therefore not necessary to implement any contractual changes to prevent
financial instruments from becoming overdue.
The Audi Group did not accept any collateral with the intention of selling it in fiscal 2007.
Liquidity risk
A liquidity forecast based on a fixed planning horizon and available yet unused lines of
credit assure adequate liquidity at all times.
Analysis of undiscounted cash used for financial liabilities by maturity date
The financial assets reported as of the balance sheet date are categorized separately by
maturity date in the following table:
EUR million Total To contractual maturity date
Up to 1 year
1 to 5
years
More than
5 years
Financial liabilities 531 527 3 1
Trade payables 2,794 2,725 46 23
Other financial liabilities 1,751 1,721 30 –
Derivatives used as hedges 9,224 4,466 4,758 0
Total 14,300 9,439 4,837 24
The cash used for derivatives where gross settlement has been agreed is offset by cash
received. These cash receipts are not presented in the analysis by maturity date. Had the
cash receipts been also taken into account, the cash used would have been significantly
lower in the analysis by maturity date.
Mutual fund price risk
The special mutual funds created using surplus liquidity are exposed, in particular, to an
equity and bond price risk that may arise from fluctuating stock market prices and indices,
and market interest rates. The changes in bond prices resulting from a variation in market
interest rates are quantified separately in the corresponding notes on the “Price and cur-
rency risk” and on the “Interest rate risk,” reflecting the evaluation of foreign exchange and
other interest risks from the special mutual funds.