TomTom 2011 Annual Report Download - page 65

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63
17. TRADE RECEIVABLES (CONTINUED)
The following summarises the movement in the allowance for doubtful trade receivables:
(€ in thousands) 2011 2010
Balance as at 1 January – 3,360 – 9,242
Additional receivables impairment – 2,597 – 379
Receivables written-off during the year as uncollectible 2,166 439
Unused amounts reversed 2,025 6,021
Currency translation differences – 48 – 199
BALANCE AS AT 31 DECEMBER – 1,814 – 3,360
The following table sets out details of the age of trade accounts receivable that are not overdue, as the payment terms specifi ed 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) 2011 2010
Of which:
Not overdue 168,060 266,775
Overdue < 3 months 17,617 31,879
3 to 6 months 999 2,804
Over 6 months 77 7,723
Less provision – 1,814 – 3,360
TRADE RECEIVABLES (NET) 184,939 305,821
Trade accounts receivable include amounts denominated in the following major currencies:
(€ in thousands) 2011 2010
EUR 81,228 156,857
GBP 16,618 35,854
USD 70,072 83,340
Other 17,021 29,770
TRADE RECEIVABLES (NET) 184,939 305,821
18. OTHER RECEIVABLES AND PREPAYMENTS
(€ in thousands) 2011 2010
Prepayments 7,545 8,362
VAT and other taxes 6,410 15,846
Other receivables 37,287 17,645
51,242 41,853
The carrying amount of the other receivables and prepayments approximates their fair value.