[12] Receivables and Other Assets.

Trade receivables are comprised as follows:

 

 

€k

 

Sept. 30, 2016

Sept. 30, 2015

Trade receivables, gross

489,244

530,068

less: allowance for doubtful accounts

–29,804

–28,686

Trade receivables, net

459,440

501,382

Trade receivables with an amount of €14,406k (2014/2015: €15,919k) become due after one year.

Allowances for trade receivables have changed as shown in the following table:

 

 

 

 

 

 

€k

 

Specific allowances

Portfolio-based allowances

Total

 

2015/2016

2014/2015

2015/2016

2014/2015

2015/2016

2014/2015

Balance as of October 1

25,234

20,269

3,452

4,057

28,686

24,326

Changes in allowances with effect on profit and loss

1,838

4,965

–720

–605

1,118

4,360

Balance as of September 30

27,072

25,234

2,732

3,452

29,804

28,686

On the balance sheet date, trade receivables which are past due but not impaired, exist as follows:

 

 

 

€k

 

Past due 1 – 30 days

Past due 31 – 180 days

Past due more than 180 days

September 30, 2016

46,970

51,535

4,277

September 30, 2015

57,020

57,325

3,273

With respect to trade receivables as at the balance sheet date 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. This also applies to the trade receivables that are neither past due at the balance sheet date nor impaired.

Trade receivables comprise receivables from finance leases in the amount of €21,676k (2014/2015: €22,129k). The leasing contracts are originally concluded for a term of up to ten years. Allowances for finance lease receivables amounted to €145k (2014/2015: €162k) in fiscal 2015/2016.

Residual Terms of Present Value of Minimum Lease Payments Receivable.

 

€k

 

Sept. 30, 2016

Sept. 30, 2015

Residual term up to 1 year

7,270

7,577

Residual term between 1 and 5 years

12,006

14,498

Residual term more than 5 years

2,400

54

 

21,676

22,129

Residual Terms of Total Gross Investment in the Lease.

€k

 

Sept. 30, 2016

Sept. 30, 2015

Residual term up to 1 year

7,978

8,462

Residual term between 1 and 5 years

12,991

15,728

Residual term more than 5 years

2,419

55

Unearned finance income

–1,712

–2,116

Present value of minimum lease payments receivable

21,676

22,129

Other receivables and other assets comprise the following:

 

 

 

 

€k

 

Sept. 30, 2016

Sept. 30, 2015

 

Total

due > 1 year

Total

due > 1 year

Receivables from related companies

65,272

0

7,112

0

Receivables from affiliated companies

11,475

0

0

0

Current income tax assets

16,558

0

10,917

0

Other assets

117,861

11,781

68,159

8,660

 

211,166

11,781

86,188

8,660

Other assets include the following items:

 

 

 

 

€k

 

Sept. 30, 2016

Sept. 30, 2015

 

Total

due > 1 year

Total

due > 1 year

Sales tax

24,379

0

24,088

0

Surplus of plan assets

898

898

1,155

1,155

Prepaid expenses

29,610

4,153

25,074

4,341

Other

6,032

0

6,774

0

Other non-financial assets

60,919

5,051

57,091

5,496

Forward currency transactions

5,118

0

1,243

0

Receivables from employees

1,089

89

1,822

52

Other

50,735

6,641

8,003

3,112

Other financial assets

56,942

6,730

11,068

3,164

 

117,861

11,781

68,159

8,660

The other financial assets include receivables in connection with the sale of previously consolidated subsidiaries amounting to €36,844k (previous year: €0k).