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Notes on the consolidated statement of financial position >
15. Trade accounts receivable
- 14. Cash and cash equivalents
- 15. Trade accounts receivable
- 16. Inventories
- 17. Other current and non-current assets
- 18. Property, plant and equipment
- 19. Goodwill and other intangible assets
- 20. Accrued expenses
- 21. Other liabilities
- 22. Debt and capital lease obligations
- 23. Senior Notes
- 24. Mandatory Exchangeable Bonds
- 25. Trust preferred securities
- 26. Pensions and similar obligations
- 27. Noncontrolling interest
- 28. Fresenius SE & Co. KGaA shareholders’ equity
- 29. Other comprehensive income (loss)
15. Trade accounts receivable
As of December 31, trade accounts receivable were as follows:
€ in millions | 2012 | 2011 |
---|---|---|
Trade accounts receivable | 4,056 | 3,617 |
less allowance for doubtful accounts | 406 | 383 |
Trade accounts receivable, net | 3,650 | 3,234 |
All trade accounts receivable are due within one year.
The following table shows the development of the allowance for doubtful accounts during the fiscal year:
€ in millions | 2012 | 2011 |
---|---|---|
Allowance for doubtful accounts at the beginning of the year | 383 | 317 |
Change in valuation allowances as recorded in the consolidated statement of income | 251 | 216 |
Write-offs and recoveries of amounts previously written-off | -221 | -154 |
Foreign currency translation | -7 | 4 |
Allowance for doubtful accounts at the end of the year | 406 | 383 |
The following table shows the ageing analysis of trade accounts receivable and their allowance for doubtful accounts:
€ in millions | not overdue | up to 3 months overdue | 3 to 6 months overdue | 6 to 12 months overdue | more than 12 months overdue |
Total |
---|---|---|---|---|---|---|
Trade accounts receivable | 2,333 | 734 | 295 | 273 | 421 | 4,056 |
less allowance for doubtful accounts | 24 | 60 | 39 | 61 | 222 | 406 |
Trade accounts receivable, net | 2,309 | 674 | 256 | 212 | 199 | 3,650 |
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14. Cash and cash equivalents
14. Cash and cash equivalents
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16. Inventories
16. Inventories