14. R eceivables
(in millions of
2012
2011(1)
2010
Trade receivables
630
674 640
Trade receivables - bad debt allowance
(31)
(36) (29)
Other receivables
35
59 26
Total current receivables
634
697 637
(1) 2011 was revised to reflect the effects of th
ie completion in the second quar
ter of 2012 of the purchase price allocation of t
he Delta Maxi acq,
isition.
The aging of the current receivables
is as fo llows
Decepber31, 2012
Neither
(in millions of
Net Carrying
Apount
Past Due on
the Reporting Past Due - Less
Date than 30 Days
Past Due -
Between 30
and 180 Days
Past
Due - More
than 1 80 Days
Trade receivables
630
433 123
43
31
Trade receivables - bad debt allowance
(31)
(3) (7)
(4)
(17)
Other receiva bles
35
25 7
2
1
634
455
123
41
15
i ber31, 2011
Neither
Past Due on
Past Due -
Past
Net Ca rryi ng
the Reporting
Past Due - Less
Between 30
Due - More
(in millio
ns of Apount
Date
than 30 Days
and 180 Days
than 1 80 Days
Trade r
'eceivables 674
504
100
49
21
Trade r
'eceivables - bad debt allowance (36)
(6)
(3)
(11)
(16)
Oth er r
SQ
eceivables --1
45
5
5
4
Tota l
697
543
102
43
9
(1) 2011 was revised to reflect the effects of the com pletion in the second quar
ter of 2012 of the p
urchase price allocation
of the Delta Maxi acqu
isition.
Decepber31, 2010
Neither
Past Due on
Past Due -
Past
Net Ca rryi ng
the Reporting
Past Due - Less
Between 30
Due - More
(in millio
ns of Apount
Date
than 30 Days
and 180 Days
than 1 80 Days
Trade r
'eceivables 640
521
71
29
19
Trade r
'eceivables - bad debt allowance (29)
(2)
(3)
(9)
(15)
Oth er r
eceivables <—^J
17
2
4
3
Tota l
637
536
70
24
7
Trade
receivables are predominantly to be paid, in full, betwee
n 30 days and
60 days.
Trade
receivables credit risk is managed by the individual operating entities and credit ratine
1 is continuously i
monitored either
based
on internal rating criteria or with the support of third
party service p
roviders and the
requirement for a
n impairment is
analyzed at each reporting date on an individual basis for major positions. Additionally, minor receivables are grouped into
homogenous groups and assessed for impairment collectively based on past experience. The maximum exposure to risk for the
receivables is the carrying value minus any insurance coverage. The Group is not exposed to any concentrated credit risk as
there are no outstanding receivables that are individually material for the Group or the operating entity because of the Grou p's
large and unrelated customer and vendor base. Management believes there is no further credit risk provision required in excess
of the normal individual and collective impairment analysis performed at each reporting date. The fair values of the trade and
other receivables approximate their (net) carrying values.
DELHAIZE GROUP FINANCIAL STATEMENTS '12 111
