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200 2014 | ANNUAL REPORT
Consolidated
Financial Statements
Notes to the Consolidated
Financial Statements
18. Current receivables and Other current assets
The composition of the Current receivables and Other current assets was as follows:
At December 31,
2014 2013
(million)
Trade receivables 2,564 2,544
Receivables from financing activities 3,843 3,671
Current tax receivables 328 312
Other current assets:
Other current receivables 2,246 1,881
Accrued income and prepaid expenses 515 442
Total Other current assets 2,761 2,323
Total Current receivables and Other current assets 9,496 8,850
The analysis by due date (excluding Accrued income and prepaid expenses) was as follows:
At December 31,
2014 2013
Due
within
one year
Due
between
one and
five years
Due
beyond
five years Total
Due
within
one year
Due
between
one and
five years
Due
beyond
five years Total
( million)
Trade Receivables 2,564 — 2,564 2,527 15 2 2,544
Receivables from financing activities 3,013 776 54 3,843 2,776 863 32 3,671
Current tax receivables 284 7 37 328 227 44 41 312
Other current receivables 2,076 156 14 2,246 1,658 184 39 1,881
Total current receivables 7,937 939 105 8,981 7,188 1,106 114 8,408
Trade receivables
Trade receivables, amounting to 2,564 million at December 31, 2014 (2,544 million at December 31, 2013), are
shown net of allowances for doubtful accounts of 320 million at December 31, 2014 (344 million at December 31,
2013). Changes in these allowances, which are calculated on the basis of historical losses on receivables, were as
follows in 2014:
At
December
31, 2013 Provision
Use and
other
changes
At
December
31, 2014
( million)
Allowances for doubtful accounts 344 33 (57) 320
At
December
31, 2012 Provision
Use and
other
changes
At
December
31, 2013
( million)
Allowances for doubtful accounts 347 47 (50) 344