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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

€ 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

€ 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

€ 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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