Aer Lingus 2012 Annual Report Download - page 98

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FINANCIAL STATEMENTS Aer Lingus Group Plc
ANNUAL REPORT 2012
96
The movements in provision for impairment of trade receivables during the year were as follows:
2012 2011
€'000 €'000
At 1 January 7,208 5,408
Increase during the year -1,800
Reduction in impairment provision (4,830) -
Written back during the year (720) -
At 31 December 1,658 7,208
The creation and release of provisions for impairment of trade receivables have been included in “Ground operations, catering and other
operating costs” within the Income Statement except for the reduction in impairment provision of €4.8 million treated as exceptional in 2012, see
Note 9. Amounts charged to the provision account are generally written off when there is no expectation of recovering the amounts outstanding.
There is no geographical concentration of credit risk with respect to trade and other receivables as the Group has a large and widely dispersed
customer base.
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable mentioned above. The Group does
not hold any collateral as security.
At 31 December 2012, trade and other receivables of €8.7 million (2011: €4.5 million) were past due but not impaired. The largest element of
this is in respect of Cargo receivables. In all cases, there is no recent history of default. The aging analysis of these trade receivables is as follows:
2012 2011
€’000 €’000
Up to 1 month past due 5,333 3,965
Over 1 month past due 3,353 529
8,686 4,494
The other classes within trade and other receivables do not contain impaired assets.
The carrying amounts of the Group’s trade and other receivables are denominated in the following currencies:
2012 2011
€’000 €’000
Euro 55,489 54,126
US dollar 39,092 37,704
Sterling 4,866 3,787
Other currencies 340 382
99,787 95,999
Company
2012 2011
€’000 €’000
Amounts due from subsidiary undertakings 603,825 699,843
Other amounts receivable 57 68
603,882 699,911
Notes to the consolidated financial statements (continued)