Audi 2014 Annual Report Download - page 267

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
>> 267
EUR million
Past due and
not impaired
Past due
Dec. 31, 2013 up to
30 days
between 30
and 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
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 2014 2013
Position as of Jan. 1 92 110
Changes in scope of consolidated companies 0 –
Addition 12 15
Utilization –4 – 32
Dissolution –2 –1
Position as of Dec. 31 98 92
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 2014
and 2013 fiscal years. Portfolio-based impairments are not
used within the Audi Group.
// COLLATERAL
The credit risk is reduced by collateral held of
EUR 2,161 (1,762) 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 collat-
eral provided.
36.3 / 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 within the
Audi Group.