Reebok 2014 Annual Report Download - page 212
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adidas Group
/
2014 Annual Report
Consolidated Financial Statements
208
2014
/
04.8
/
Notes
/
Notes to the Consolidated Statement of Financial Position
Accounts receivable consist mainly of the currencies euro, US dollar and Japanese yen and are as follows:
Accounts receivable
(€ in millions) Dec. 31, 2014 Dec. 31, 2013
Accounts receivable, gross 2,085 1,929
Less: accumulated allowances for doubtful accounts (139) (120)
Accounts receivable, net 1,946 1,809
Movement in allowances for doubtful accounts
(€ in millions) 2014 2013
Allowances at January 1 120 121
Additions 65 51
Reversals (40) (41)
Write-offs charged against the allowance accounts (9) (8)
Currency translation differences 4 (4)
Other changes (1) 1
Allowances at December 31 139 120
Accounts receivable past due but not impaired
(€ in millions) Past due
1 – 30 days
Past due
31 – 60 days
Past due
61 – 90 days
Past due
91 – 180 days
Past due
> 180 days
Dec. 31, 2014 169 77 10 6 1
Dec. 31, 2013 162 52 8 4 0
With respect to accounts receivable as at the balance sheet date past due but not impaired, based on credit history
and current credit ratings, there are no indications that customers will not be able to meet their obligations.
Further, no indications of default are recognisable for accounts receivable that are neither past due nor
impaired.
Due to concrete plans to sell the Rockport operating segment, assets amounting to € 49 million were
transferred from ‘Accounts receivable‘ to ‘Assets classified as held for sale’ at year-end 2014
/
SEE NOTE 11.
For further information about credit risks
/
SEE RISK AND OPPORTUNITY REPORT, P. 154.
Other current financial assets consist of the following:
Other current financial assets
(€ in millions) Dec. 31, 2014 Dec. 31, 2013
Currency options 30 6
Forward exchange contracts 240 47
Security deposits 64 69
Sundry 64 61
Other current financial assets 398 183
For further information about currency options and forward exchange contracts
/
SEE NOTE 29.
07
Accounts receivable
08
Other current financial
assets