Audi 2012 Annual Report Download - page 249

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Financial assets that are past due and not impaired are presented in the following analysis by
maturity dates of gross carrying amounts:
EUR million
Past due and
not impaired Past due
Dec. 31, 2012
Up to
30 days
30 to
90 days
More than
90 days
Measured at amortized cost
Trade receivables 859 423 370 66
Other receivables 22 13 3 7
Total 881 436 372 72
EUR million
Past due and
not impaired Past due
Dec. 31, 2011
Up to
30 days
30 to
90 days
More than
90 days
Measured at amortized cost
Trade receivables 533 407 82 43
Other receivables 61 42 16 4
Total 594 449 98 47
The credit risk is low overall, as the vast majority of the past due and not impaired financial
assets are past due by only a short period – predominantly owing to customers’ purchase
invoices and payment processes.
Value adjustments
Developments of value adjustments of claims that existed on the balance sheet date and that
were measured at amortized cost can be broken down as follows for the 2012 and 2011 fiscal
years:
EUR million 2012
Specific value
adjustment 2011
Specific value
adjustment
Position as of January 1 98 98 94 94
Changes in group of consolidated companies 10 10 0 0
Addition 13 13 19 19
Utilization – 6 – 6 – 10 – 10
Dissolution – 6 – 6 – 6 – 6
Position as of December 31 110 110 98 98
Portfolio-based value adjustments are not used within the Audi Group.
Collateral
The credit risk is reduced by collateral held of EUR 1,235 (1,472) million. In the Audi Group,
collateral is primarily held in relation to trade receivables. Vehicles, bank guarantees and banker’s
bonds are the main forms of collateral provided.
37.3 Liquidity risks
Liquidity risks arise from financial liabilities if current payment obligations can no longer be
met. A liquidity forecast based on a fixed planning horizon coupled with available yet unused
lines of credit assures adequate liquidity at all times in the Audi Group.