TomTom 2005 Annual Report Download - page 78

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78
12.฀Inventories
฀ 2004฀ 2005
(in฀
฀thousands)
Finished฀goods฀ 2,206฀ 24,509
Components฀and฀sub-assemblies฀ 11,196฀ 78,674
Inventories฀฀ 13,402฀ 103,183
For฀2005฀the฀inventories฀include฀an฀amount฀of฀

5.0฀million฀which฀is฀related฀to฀deferred฀revenue฀(2004:฀

0.3฀million).
13.฀Trade฀receivables
฀ 2004฀ 2005
(in฀
฀thousands)
Gross฀trade฀receivables฀ 30,000฀ 153,235
Allowance฀for฀doubtful฀receivables฀ -617฀ -2,250
Trade฀receivables฀(net)฀ 29,383฀ 150,985
All฀receivables฀are฀expected฀to฀be฀recovered฀within฀a฀year.฀An฀allowance฀has฀been฀made฀for฀estimated฀unrecoverable฀
amounts฀from฀the฀sale฀of฀goods.
The฀carrying฀amount฀of฀trade฀receivables฀approximates฀their฀fair฀value.
14.฀Other฀receivables฀and฀prepayments
฀ 2004฀ 2005
(in฀
฀thousands)
Prepayments฀ 539฀ 1,483
VAT฀and฀other฀taxes฀ 3,210฀ 2,201
Other฀receivables฀ 1,226฀ 2,707
฀ 4,975฀ 6,391
The฀carrying฀amount฀of฀the฀other฀receivables฀and฀prepayments฀approximates฀their฀fair฀value.