Annual Report 2013

Notes to the consolidated statement of
financial position

(7) Trade accounts receivable

Trade accounts receivable amounted to 2,370 million euros (previous year: 2,021 million euros). They are all due within one year. Valuation allowances have been recognized in respect of specific risks as appropriate. Overall, we recognized total valuation allowances of 17 million euros (previous year: 30 million euros).

Trade accounts receivable
in million euros December
31, 2012
December
31, 2013
Trade accounts receivable, gross 2,130 2,468
less: cumulative valuation allowances on trade
accounts receivable
109 98
Trade accounts receivable, net 2,021 2,370

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Development of valuation allowances on trade accounts receivable
in million euros 2012 2013
Valuation allowances at January 1 100 109
Additions 27 13
Transfer of receivables –17 –20
Currency translation effects –1 –4
Valuation allowances at December 31 109 98

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