Merck 2008 Annual Report Download - page 104

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[18] Trade accounts receivable
This item comprises:
€ million
Dec. 31,
2008
Dec. 31,
2007
Receivables from other affiliates 0.0 0.4
Receivables from third parties 1,659.4 1,377.9
1,659.4 1,378.3
Receivables past due are as follows:
€ million
Book value thereof: Nei-
ther impaired
nor past due
on the report-
ing date
thereof: Not impaired, past due in the following
periods as of the reporting date
Dec. 31,
2008
up to 3
months
and 6
months
and 12
months
over
1 year
Trade accounts
receivable
– Third parties 1,659.4 1,209.5 236.9 92.8 73.8 46.0
€ million
Book value thereof: Nei-
ther impaired
nor past due
on the report-
ing date
thereof: Not impaired, past due in the following
periods as of the reporting date
Dec. 31,
2007
up to 3
months
and 6
months
and 12
months
over
1 year
Trade accounts
receivable
– Third parties 1,377.9 1,148.7 155.7 20.9 27.8 24.8
With regard to trade accounts receivable that are neither impaired nor delayed, as of
the reporting date, there are no indications that the debtors will not meet their pay-
ment obligations. Write-downs of outstanding trade accounts receivable amount to
€ 16.6 million as of the balance sheet date.
The increase in trade accounts receivable is due to the fact that the program to sell
receivables was discontinued in 2008.
72 Income Statement
73 Balance Sheet
74 Segment Reporting
CONSOLIDATED FINANCIAL STATEMENTS OF THE MERCK GROUP
76 Cash Flow Statement
77 Free Cash Flow
77 Statement of Recognized
Income and Expense
78 Statement of Changes
in Net Equity including
Minority Interest
79 Notes
99