Porsche 2009 Annual Report Download - page 224
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224 Financials
The table below shows the credit and default risk of financial assets by gross carrying amount:
Neither Past due Impaired Total
€ million
past due
nor impaired
and not
impaired
31/7/2010
Trade receivables 0 0 0 0
Receivables from financial services 0 0 0 0
Other financial receivables 4,021 0 0 4,021
Derivative financial instruments 311 0 0 311
Securities 0 0 0 0
Cash and cash equivalents 898 0 0 898
5,230 0 0 5,230
31/7/2009
Trade receivables 5,207 1,291 261 6,759
Receivables from financial services 57,996 3,802 1,006 62,804
Other financial receivables 3,321 123 124 3,568
Derivative financial instruments 4,567 0 0 4,567
Securities 3,436 0 3 3,439
Cash and cash equivalents 25,036 0 0 25,036
99,563 5,216 1,394 106,173
thereof continuing operations 2,941 0 0 2,941
There are no past due financial instruments measured at fair value in the Porsche SE group.
2009/10 2008/09 thereof
€ million
continuing
operations
Valuation allowances as of 1 August 864 48 0
Exchange differences 0 1 0
Additions 0 841 0
Utilization 0 24 0
Reversal 0 2 0
Changes to consolidated group – 864 0 0
Valuation allowances as of 31 July 0 864 0
There was no need to recognize impairment losses in the reporting period. The prior-year
valuation allowances attributable to the discontinued operations were mainly related to the credit
risks associated with receivables from financial services. For materiality reasons, a break-down of
valuation allowances has not been presented for the prior-year period.