o www.ahold.com/reports2009
Notes to the consolidated financial statements
17 Receivables
-
-
-
Financials
January 3,
December 28,
million
2010
2008
Trade receivables
368
380
Vendor allowance receivables
185
219
Other receivables
166
163
719
762
Provision for impairment
(19)
(18)
Total receivables
700
744
Other receivables include the current portion of loans receivable of €12 million (December 28, 2008: €9 million).
At January 3, 2010, the aging analysis of receivables was as follows:
Past due
million
Total
Not past due
0- 3 months
3 - 6 months
6 - 12 months
12 months
Trade receivables
368
293
54
7
6
8
Vendor allowance receivables
185
142
37
2
2
2
Other receivables
166
101
30
15
3
17
719
536
121
24
11
27
Provision for impairment
(19)
(1)
(2)
(3)
(13)
Total receivables
700
536
120
22
8
14
At December 28, 2008, the aging analysis of receivables was as follows:
Past due
million
Total
Not past due
0- 3 months
3 - 6 months
6 - 12 months
12 months
Trade receivables
380
296
67
6
7
4
Vendor allowance receivables
219
191
18
2
4
4
Other receivables
163
96
23
29
4
11
762
583
108
37
15
19
Provision for impairment
(18)
(2)
(3)
(2)
(1)
(10)
Total receivables
744
581
105
35
14
9
The concentration of credit risk with respect to receivables is limited as the Company's customer and vendor base is large and unrelated.
The Company does not hold any significant collateral on its receivables. Management believes there is no further credit risk provision
required in excess of the normal individual and collective impairment, based on the aging analysis performed as of January 3, 2010.
For more information about credit risk, see Note 30.
The changes in the provision for impairment were as follows:
million 2009 2008
Beginning of the year
(18)
(50)
Additions
(16)
(11)
Classified as held for sale or sold
34
Used
5
1
Released to income
11
8
Exchange rate differences
(1)
End of the year
(19)
(18)
Ahold Annual Report 2009 82
