96
17 Receivables
-
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Investors
Notes to the consolidated financial statements continued
January 1
January 2,
million
2012
2011
Trade receivables
385
355
Vendor allowance receivables
214
223
Other receivables
168
212
767
790
Provision for impairment
(16)
(18)
Total receivables
751
772
Other receivables include the current portion of loans receivable of €4 million (January 2, 2011: €67 million). The current portion of loans
receivable as of January 2, 2011included €58 million of preference shares, which carried an accumulated fixed cumulative dividend of
6.5 percent per year. These preference shares were acquired upon the sale of Schuitema in 2008 and were held for a maximum term
of three years up to April 22, 2011
At January 12012, 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
385
326
48
2
3
6
Vendor allowance receivables
214
166
45
1
1
1
Other receivables
168
100
40
13
7
8
767
592
133
16
11
15
Provision for impairment
(16)
(1)
(1)
(1)
(2)
(11)
Total receivables
751
591
132
15
9
4
At January 2, 2011the 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
T rade receivables
355
307
36
3
3
6
Vendor allowance receivables
223
172
44
2
2
3
Other receivables
212
154
36
10
3
9
790
633
116
15
8
18
Provision for impairment
(18)
(1)
(2)
(3)
(12)
Total receivables
772
633
115
13
5
6
The concentration of credit risk with respect to receivables is limited, as the Company's customer base and vendor base are 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 1,
2012. For more information about credit risk, see Note 30.
