Atari 2009 Annual Report Download - page 86

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
86
NOTE 7 – INVENTORIES
Inventories broke down as follows at March 31, 2009 and 2008:
(€ million) March 31, 2009 March 31, 2008
Finished products 33.2 27.5
Gross value 33.2 27.5
Provisions for impairment in value (9.9) (3.0)
Reclassification of assets held for sale (20.3) -
Net value 3.0 24.5
The table below shows changes in provisions for impairment in value:
Year ended
March 31, 2009
Year ended
March 31, 2008
At beginning of year 3.0 3.9
Charges 14.3 4.6
Reversals (6.6) (5.6)
Other (0.8) 0.1
At end of year 9.9 3.0
(€ million)
NOTE 8 – TRADE RECEIVABLES
The table below shows trade receivables net of returns and trade discounts:
(€ million) March 31, 2009 March 31, 2008
Gross value 50.3 45.8
Provisions for impairment in value (3.4) (2.8)
Reclassification of assets held for sale (27.8) -
Net value 19.1 43.0
No single customer accounted for more than 23.1% of trade receivables at March 31, 2009, or for more than 7.5% at
March 31, 2008.
The table below shows changes in provisions for impairment in value:
(€ million)
Year ended
March 31, 2009
Year ended
March 31, 2008
At beginning of year 2.8 14.7
Charges 4.2 0.5
Reversals (3.6) (2.1)
Translation adjustments - (0.7)
Other (*) - (9.6)
At end of year 3.4 2.8
(*) At March 31, 2008 “Other” corresponded to the write-off of old receivables fully written down.
Under IFRS (IAS 39), trade receivables assigned under a factoring agreement where the risk of default is not transferred
must be included in trade receivables and a corresponding debt must be recognized. At March 31, 2009 receivables
amounting to €12.0 million had been assigned under factoring agreements, compared with €10.6 million one year earlier.
At March 31, 2009 these receivables were reclassified as assets held for sale.