Accounts receivable 06

Accounts receivable consist mainly of the currencies euro, US dollar and Japanese yen and are as follows:


Accounts receivable € in millions

	Dec. 31, 2010	Dec. 31, 2009
Accounts receivable, gross	1,794	1,553
Less: accumulated allowances for doubtful accounts	127	124
Accounts receivable, net	1,667	1,429


Movement in allowances for doubtful accounts € in millions

	2010	2009
Allowances at January 1	124	119
Additions	50	68
Reversals	(31)	(29)
Write-offs charged against the allowance accounts	(23)	(34)
Currency translation differences	7	0
Allowances at December 31	127	124


Accounts receivable past due but not impaired € in millions

	past due 1 – 30 days	past due 31 – 60 days	past due 61 – 90 days	past due 91 – 180 days	past due > 180 days
Dec. 31, 2010	118	53	11	9	1
Dec. 31, 2009	115	57	10	6	5

With respect to accounts receivable 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.

Further, no indications of default are recognisable for accounts receivable that are neither past due nor impaired.

For further information see Risk and Opportunity Report.

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