TomTom 2008 Annual Report Download - page 67

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/ 65
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
OF TOMTOM NV
16. TRADE RECEIVABLES (continued)
The following summarises the movement in the provision for doubtful trade accounts receivable.
(€ in thousands) 2008 2007
Balance as at 31 December -3,042 -2,602
Additional receivables impairment -13,595 -591
Receivables written off during the year as uncollectable 1,847 76
Unused amounts reversed 881 26
Translation effects -43 49
Balance as at 31 December -13,952 -3,042
The following table sets out details of the age of trade accounts receivable that are not overdue, as the payment
terms specified in the terms and conditions established with our customers have not been exceeded, and an
analysis of overdue amounts and related provisions for doubtful trade accounts receivable.
(€ in thousands) 2008 2007
Total 303,933 406,057
Less provision for doubtful trade accounts receivable -13,952 -3,042
Trade receivables (net) 289,981 403,015
Of which:
Not overdue 259,093 400,454
Overdue <3 months 39,453 5,145
3 to 6 months 2,178 298
Over 6 months 3,209 160
Less provision -13,952 -3,042
Trade receivables (net) 289,981 403,015
Trade accounts receivable include amounts denominated in the following major currencies.
(€ in thousands) 2008 2007
EUR 135,771 162,599
GBP 39,305 94,016
USD 100,150 141,334
Other 14,755 5,066
Trade receivables (net) 289,981 403,015
17. OTHER RECEIVABLES AND PREPAYMENTS
(€ in thousands) 2008 2007
Prepayments 10,182 13,148
VAT and other taxes 1,890 12,907
Other receivables 3,915 4,493
15,987 30,548
The carrying amount of the other receivables and prepayments approximates their fair value.