H
114
17 Receivables
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-
-
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Ahold at a glance
Notes to the consolidated
financial statements
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
December 29,
December 30,
million
2013
2012
Trade receivables
358
424
Vendor allowance receivables
191
212
Other receivables
135
174
684
810
Provision for impairment
(19)
(17)
Total receivables
665
793
The balances as of December 29, 201 3, are presented net for the financial assets and liabilities subject to an enforceable master netting arrangement between the Company and the
counterparty that allows for net settlement of the relevant balances. The total impact in 201 3 is €114 million.
At December 29, 2013, the aging analysis of receivables was as follows:
Past due
Not past
0-3
3-6
6-12
12
million
Total
due
months
months
months
months
Trade receivables
358
282
49
11
4
12
Vendor allowance receivables
191
152
35
3
1
Other receivables
135
84
28
13
5
5
684
518
112
27
10
17
Provision for impairment
(19)
(2)
(1)
(2)
(14)
Total receivables
665
518
110
26
8
3
Receivables that were past due but not impaired relate to a number of independent customers for whom there is no recent history of default.
At December 30, 2012, the aging analysis of receivables was as follows:
Past due
Not past
0-3
3-6
6-12
12
million
Total
due
months
months
months
months
Trade receivables
424
345
59
8
3
9
Vendor allowance receivables
212
173
35
3
1
Other receivables
174
95
54
14
4
7
810
613
148
25
7
17
Provision for impairment
(17)
(3)
(1)
(2)
(11)
Total receivables
793
613
145
24
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 December 29, 2013. For more information about credit risk, see Note 30.