Mercedes 2015 Annual Report Download - page 225

232 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
19. Trade receivables
Trade receivables are comprised as shown in table  E.42.
At December 31, 2015, €67 million of the trade receivables
mature after more than one year (2014: €78 million).
Allowances
Table  E.43 shows changes in the allowance account
for trade receivables.
The total expense from the impairment of trade receivables
amounted to €109 million in 2015 (2014: €130 million).
Credit risks
Table  E.44 provides an overview of credit risks included
in trade receivables.
Receivables not subject to an individual impairment
assessment are grouped and subject to collective impairment
allowances to cover credit losses.
Further information on financial risk and types of risk
is provided in Note 32.
20. Equity
See also the consolidated statement of changes in equity
 E.05.
Share capital
The share capital (authorized capital) is divided into
no-par-value shares. All shares are fully paid up. Each share
confers the right to one vote at the Annual Shareholders’
Meeting of Daimler AG and, if applicable, with the exception
of any new shares potentially not entitled to dividends,
to an equal portion of the profits as defined by the dividend
distribution decided upon at the Annual Shareholders’
Meeting. Each share represents a proportionate amount
of approximately €2.87 of the share capital.
Since January 1, 2014, there was no material change
in the number of shares outstanding/issued. The number
at December 31, 2015 is 1,070 million, unchanged from
December 31, 2014.
Approved capital
The Annual Shareholders’ Meeting held on April 9, 2014,
authorized the Board of Management, with the consent
of the Supervisory Board, to increase the share capital of
Daimler AG in the period until April 8, 2019 by a total
of €1.0 billion in one lump sum or by separate partial amounts
at different times by issuing new, registered no-par-value
shares in exchange for cash and/or non-cash contributions
(Approved Capital 2014). The new shares are generally to
be offered to the shareholders for subscription (also by way
of indirect subscription pursuant to Section 186 Subsection 5
Sentence 1 of the German Stock Corporation Act (AktG)).
Among other things, the Board of Management was authorized
with the consent of the Supervisory Board to exclude
shareholders’ subscription rights under certain conditions
and within defined limits.
Approved Capital 2009, which was limited until April 7, 2014
and had not been utilized is replaced by Approved Capital
2014, which has also not yet been utilized.
Trade receivables
At December 31,
2015 2014
In millions of euros
Gross carrying amount 9,446 9,046
Allowances for doubtful accounts -392 -412
Net carrying amount 9,054 8,634
E.42
Changes in the allowance account for trade receivables
2015 2014
In millions of euros
Balance at January 1 412 397
Charged to costs and expenses 66 73
Amounts written off -80 -66
Currency translation and other changes -6 8
Balance at December 31 392 412
E.43
Credit risks included in trade receivables
At December 31,
2015 2014
In millions of euros
Receivables, neither past due nor impaired
individually
5,554
5,270
Receivables past due, not impaired individually
less than 30 days 1,096 969
30 to 59 days 113 151
60 to 89 days 53 42
90 to 119 days 25 18
120 days or more 80 78
Total 1,367 1,258
Receivables impaired individually 2,133 2,106
Net carrying amount 9,054 8,634
E.44