Trade receivables are comprised as follows:
|
|
|
€k |
|
|
Sept. 30, 2008 |
Sept. 30, 2007 |
|
Trade receivables, gross |
385,064 |
342,581 |
|
less: allowance for doubtful accounts |
–18,138 |
–20,733 |
|
Trade receivables, net |
366,926 |
321,848 |
Trade receivables with an amount of €3,600k (2006/2007: €4,481k) become due after one year.
Valuation allowances for trade receivables have changed as shown in the following table:
|
|
|
|
|
|
|
€k |
|
|
Specific |
Portfolio-based |
Total | |||
|
|
2007/2008 |
2006/2007 |
2007/2008 |
2006/2007 |
2007/2008 |
2006/2007 |
|
Balance as of |
17,536 |
12,505 |
3,197 |
2,755 |
20,733 |
15,260 |
|
Changes in allowances with effect on profit and loss |
–2,963 |
5,031 |
368 |
442 |
–2,595 |
5,473 |
|
Balance as of September 30 |
14,573 |
17,536 |
3,565 |
3,197 |
18,138 |
20,733 |
On balance sheet date trade receivables which are past due but not impaired exist as follows:
|
|
|
|
€k |
|
|
Past due |
Past due |
Past due more |
|
September 30, 2008 |
54,578 |
32,128 |
8,529 |
|
September 30, 2007 |
53,600 |
33,074 |
3,337 |
Trade receivables comprise receivables from finance leases in the amount of €4,658k (2006/2007: €4,294k). The leasing contracts are concluded for a term of up to ten years. There was no impairment requirement on finance lease receivables in fiscal 2007/2008 and 2006/2007.
|
Residual Terms of Present Value of Minimum Lease Payments Receivable. |
€k | |
|
|
Sept. 30, 2008 |
Sept. 30, 2007 |
|
Residual term up to 1 year |
1,727 |
1,211 |
|
Residual term between 1 and 5 years |
2,599 |
2,564 |
|
Residual term more than 5 years |
332 |
519 |
|
|
4,658 |
4,294 |
|
Residual Terms of Total Gross Investment in the Lease. |
€k | |
|
|
Sept. 30, 2008 |
Sept. 30, 2007 |
|
Residual term up to 1 year |
1,971 |
1,445 |
|
Residual term between 1 and 5 years |
2,936 |
2,897 |
|
Residual term more than 5 years |
625 |
886 |
|
Unearned finance income |
–874 |
–934 |
|
Present value of minimum lease payments receivable |
4,658 |
4,294 |
Other receivables and other assets comprise the following:
|
|
|
|
|
€k |
|
|
Sept. 30, 2008 |
Sept. 30, 2007 | ||
|
|
Total |
Due >1 year |
Total |
Due >1 year |
|
Receivables from related companies |
985 |
0 |
0 |
0 |
|
Current income tax assets |
4,454 |
0 |
3,947 |
0 |
|
Other assets |
68,201 |
13,082 |
67,266 |
18,317 |
|
|
73,640 |
13,082 |
71,213 |
18,317 |
Other assets include the following items:
|
|
|
|
|
€k |
|
|
Sept. 30, 2008 |
Sept. 30, 2007 | ||
|
|
Total |
Due >1 year |
Total |
Due >1 year |
|
Sales tax |
21,574 |
0 |
16,989 |
0 |
|
Surplus of plan assets |
7,169 |
7,169 |
12,655 |
12,655 |
|
Forward currency transactions |
1,524 |
0 |
4,848 |
0 |
|
Receivables from employees |
1,142 |
138 |
1,507 |
135 |
|
Prepaid expenses |
21,655 |
3,603 |
17,369 |
2,724 |
|
Other |
15,137 |
2,172 |
13,898 |
2,803 |
|
|
68,201 |
13,082 |
67,266 |
18,317 |
