Audi 2013 Annual Report Download - page 271

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
CONSOLIDATED FINANCIAL STATEMENTS
268
B
Within the Audi Group, there are absolutely no past due finan-
cial instruments measured at fair value. The fair values of these
financial instruments are determined based on their market
prices. Specific allowances of securities measured at fair value
were reversed in the amount of EUR 8 million in the Audi Group
during the 2013 fiscal year.
// MATURITY ANALYSIS OF GROSS CARRYING AMOUNTS
EUR million
Past due and
not impaired
Past due
Dec. 31, 2013 Up to
30 days
30 to
90 days
More than
90 days
Trade receivables 475 102 220 153
Other receivables 32 23 1 8
Gross carrying amounts 507 124 222 161
EUR million
Past due and
not impaired
Past due
Dec. 31, 2012 Up to
30 days
30 to
90 days
More than
90 days
Trade receivables 859 423 370 66
Other receivables 22 13 3 7
Gross carrying amounts 881 436 372 72
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.
// IMPAIRMENTS
EUR million 2013 2012
Position as of January 1 110 98
Changes in scope of consolidated companies – 10
Addition 15 13
Utilization –32 –6
Dissolution –1 –6
Position as of December 31 92 110
Developments of impairments of claims that existed on the
balance sheet date and that were measured at amortized cost
can be broken down as shown in the above table for the 2013
and 2012 fiscal years. Portfolio-based impairments are not
used within the Audi Group.
// COLLATERAL
The credit risk is reduced by collateral held of EUR 1,762
(1,235) 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.