BMW 2014 Annual Report Download - page 133
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133 GROUP FINANCIAL STATEMENTS
33
Trade receivables
Trade receivables totalling € 2,153 million (2013: € 2,449 million) include an unchanged amount of € 47 million which
is due later than one year.
in € million 31. 12. 2014 31. 12. 2013
Gross carrying amount 2,236 2,555
Allowance for impairment – 83 – 106
Net carrying amount 2,153 2,449
2014 Allowance for impairment recognised on a Total
in € million specific item basis group basis
Balance at 1 January* 98 9 107
Allocated / reversed – 6 – 2 – 8
Utilised – 15 – – 15
Exchange rate impact and other changes – 1 – – 1
Balance at 31 December 76 7 83
* Including entities consolidated for the first time during the financial year.
2013 Allowance for impairment recognised on a Total
in € million specific item basis group basis
Balance at 1 January 105 6 111
Allocated / reversed 2 4 6
Utilised – 8 – – 8
Exchange rate impact and other changes – 2 – 1 – 3
Balance at 31 December 97 9 106
Allowances on trade receivables developed as following during the year under report:
Allowances for impairment and credit risk
in € million 31. 12. 2014 31. 12. 2013
1 – 30 days overdue 100 80
31 – 60 days overdue 73 30
61 – 90 days overdue 26 8
91 – 120 days overdue 30 13
More than 120 days overdue 52 17
281 148
Some trade receivables were overdue for which an impairment loss was not recognised. Overdue balances are
analysed
into the following time windows:
At 31 December 2014, inventories measured at their
net realisable value amounted to € 723 million (2013:
€ 592 million) and are included in total inventories of
€ 11,089 million (2013*: € 9,595 million). Write-downs
to
net realisable value amounting to € 29 million (2013:
€ 28 million) were recognised in 2014. Reversals of
writedowns amounted to € 3 million (2013: € 4 million).
* Prior year figures have been adjusted in accordance with IAS 8, see note 9.