Trade receivables are comprised as follows:
|
|
|
€k |
|
|
Sept. 30, 2009 |
Sept. 30, 2008 |
|
Trade receivables, gross |
331,428 |
385,064 |
|
less: allowance for doubtful accounts |
–16,741 |
–18,138 |
|
Trade receivables, net |
314,741 |
366,926 |
Trade receivables with an amount of €2,480k (2007/2008: €3,600k) become due after one year.
Valuation allowances for trade receivables have changed as shown in the following table:
|
|
|
|
|
|
|
€k |
|
|
Specific valuation allowances |
Portfolio-based valuation allowances |
Total | |||
|
|
2008/2009 |
2007/2008 |
2008/2009 |
2007/2008 |
2008/2009 |
2007/2008 |
|
Balance as of October 1 |
14,573 |
17,536 |
3,565 |
3,197 |
18,138 |
20,733 |
|
Changes in allowances with effect on profit and loss |
–888 |
–2,963 |
–509 |
368 |
–1,397 |
–2,595 |
|
Balance as of September 30 |
13,685 |
14,573 |
3,056 |
3,565 |
16,741 |
18,138 |
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, 2009 |
49,897 |
27,517 |
2,421 |
|
September 30, 2008 |
54,578 |
32,128 |
8,529 |
With respect to trade receivables not past due or past due but not impaired, based on credit history and current credit ratings, there are no indications that customers will not be able to meet their obligations.
Trade receivables comprise receivables from finance leases in the amount of €3,610k (2007/2008: €4,658k). The leasing contracts are concluded for a term of up to ten years. There was no impairment requirement on finance lease receivables in fiscal 2008/2009 and 2007/2008.
|
Residual Terms of Present Value of Minimum Lease Payments Receivable. |
|
€k |
|
|
Sept. 30, 2009 |
Sept. 30, 2008 |
|
Residual term up to 1 year |
1,130 |
1,727 |
|
Residual term between 1 and 5 years |
2,237 |
2,599 |
|
Residual term more than 5 years |
243 |
332 |
|
|
3,610 |
4,658 |
|
Residual Terms of Total Gross Investment in the Lease. |
€k | |
|
|
Sept. 30, 2009 |
Sept. 30, 2008 |
|
Residual term up to 1 year |
1,405 |
1,971 |
|
Residual term between 1 and 5 years |
2,578 |
2,936 |
|
Residual term more than 5 years |
256 |
625 |
|
Unearned finance income |
–629 |
–874 |
|
Present value of minimum lease payments receivable |
3,610 |
4,658 |
Other receivables and other assets comprise the following:
|
|
|
|
|
k€ |
|
|
Sept. 30, 2009 |
Sept. 30, 2008 | ||
|
|
Total |
Due >1 year |
Total |
Due >1 year |
|
Receivables from related companies |
330 |
0 |
985 |
0 |
|
Current income tax assets |
3,783 |
0 |
4,454 |
0 |
|
Other assets |
62,732 |
8,917 |
68,201 |
13,082 |
|
|
66,845 |
8,917 |
73,640 |
13,082 |
Other assets include the following items:
|
|
|
|
|
k€ |
|
|
Sept. 30, 2009 |
Sept. 30, 2008 | ||
|
|
Total |
Due >1 year |
Total |
Due >1 year |
|
Sales tax |
21,604 |
0 |
21,574 |
0 |
|
Surplus of plan assets |
4,629 |
4,629 |
7,169 |
7,169 |
|
Forward currency transactions |
7,470 |
0 |
1,524 |
0 |
|
Receivables from employees |
1,113 |
109 |
1,142 |
138 |
|
Prepaid expenses |
17,757 |
3,018 |
21,655 |
3,603 |
|
Other |
10,159 |
1,161 |
15,137 |
2,172 |
|
|
62,732 |
8,917 |
68,201 |
13,082 |
