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14. Trade accounts receivable
- 13. Cash and cash equivalents
- 14. Trade accounts receivable
- 15. Inventories
- 16. Other current and non-current assets
- 17. Property, plant and equipment
- 18. Goodwill and other intangible assets
- 19. Other accrued expenses
- 20. Other liabilities
- 21. Debt and capital lease obligations
- 22. Senior Notes
- 23. Mandatory Exchangeable Bonds
- 24. Trust preferred securities
- 25. Pensions and similar obligations
- 26. Noncontrolling interest
- 27. Fresenius SE & Co. KGaA (until January 28, 2011: Fresenius SE) shareholders ’ equity
- 28. Other comprehensive income (loss)
14. Trade accounts receivable
As of December 31, trade accounts receivable were as follows:
€ in millions | 2010 | 2009 |
---|---|---|
Trade accounts receivable | 3,252 | 2,794 |
less allowance for doubtful accounts | 317 | 285 |
Trade accounts receivable, net | 2,935 | 2,509 |
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 | 2010 | 2009 |
---|---|---|
Allowance for doubtful accounts at the beginning of the year | 285 | 257 |
Change in valuation allowances as recorded in the consolidated statement of income | 175 | 174 |
Write-offs and recoveries of amounts previously written-off | -158 | -141 |
Foreign currency translation | 15 | -5 |
Allowance for doubtful accounts at the end of the year | 317 | 285 |
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 | 1,894 | 527 | 254 | 237 | 340 | 3,252 |
less allowance for doubtful accounts | 16 | 43 | 33 | 53 | 172 | 317 |
Trade accounts receivable, net | 1,878 | 484 | 221 | 184 | 168 | 2,935 |
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13. Cash and cash equivalents
13. Cash and cash equivalents
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15. Inventories
15. Inventories