Reebok 2015 Annual Report Download - page 208

204
4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Notes to the Consolidated Statement of Financial Position
Accounts receivable consist mainly of the currencies US dollar, euro, Chinese renminbi as well as Japanese
yen and are as follows:
ACCOUNTS RECEIVABLE
€ in millions Dec. 31, 2015 Dec. 31, 2014
Accounts receivable, gross 2,198 2,085
Less: accumulated allowances for doubtful accounts (149) (139)
Accounts receivable, net 2,049 1,946
MOVEMENT IN ALLOWANCES FOR DOUBTFUL ACCOUNTS
€ in millions 2015 2014
Allowances at January 1 139 120
Additions 49 65
Reversals (33) (40)
Write-offs charged against the allowance accounts (6) (9)
Currency translation differences 0 4
Other changes (1) (1)
Allowances at December 31 149 139
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, 2015 189 70 953
Dec. 31, 2014 169 77 10 6 1
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.
For further information about credit risks SEE RISK AND OPPORTUNITY REPORT, P. 156.
Other current financial assets consist of the following:
OTHER CURRENT FINANCIAL ASSETS
€ in millions Dec. 31, 2015 Dec. 31, 2014
Currency options 5 30
Forward exchange contracts 202 240
Security deposits 67 64
Sundry 93 64
Other current financial assets 367 398
For further information about currency options and forward exchange contracts SEE NOTE 29.
07
ACCOUNTS
RECEIVABLE
08
OTHER CURRENT
FINANCIAL ASSETS