Audi 2015 Annual Report Download - page 269

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
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EUR million Past due and
not impaired
Past due
Dec. 31, 2014 up to 30 days between 30
and 90 days
more than
90 days
Trade receivables 535 77 330 128
Other receivables 18 9 4 5
Gross carrying amounts 554 86 334 133
The credit risk is low overall, as the vast majority of the past
due and not impaired financial assets – predominantly owing
to customers’ purchase invoices and payment processes – are
with customers with very high creditworthiness.
// IMPAIRMENTS
EUR million 2015 2014
Position as of Jan. 1 98 92
Changes in scope of consolidated companies – 0
Addition 13 12
Utilization – 21 –4
Dissolution –2 –2
Position as of Dec. 31 87 98
The development of impairments on receivables that existed
as of the balance sheet date and that were measured at amor-
tized cost can be broken down as shown in the above table for
the fiscal years 2015 and 2014. Portfolio-based impairments
are not used within the Audi Group.
// COLLATERAL
The credit and default risk is reduced by collateral held of EUR
1,978 (2,161) 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.
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 ensures adequate liquidity within the Audi Group
at all times.