Notes to the consolidated financial statements 97 16 Inventories 17 Receivables Ahold at a glance Business review Governance Financials Ahold Annual Report 2014 millior December 28, 2014 December 29, 2013 Finished products and merchandise inventories 1,543 1,410 Raw materials, packaging materials, technical supplies and other 46 40 Total inventories 1,589 1,450 In 2014, €664 million has been recognized as a write-off of inventories in the income statement (2013: €644 million). The write-off of inventories is Ahold's best estimate based on significant assumptions applied to certain products measured using the retail method. December 28, December 29, million 2014 2013 Trade receivables 390 358 Vendor allowance receivables 203 191 Other receivables 155 135 748 684 Provision for impairment (20) (19) Total receivables 728 665 The receivable balances are presented net of accounts payable subject to an enforceable netting arrangement between the Company and the counterparty. The total effect of netting as of December 28, 2014 is €136 million (December 29, 2013: €136 million, adjusted from last year's disclosure of €114 million). At December 28, 2014, 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 390 288 60 11 14 17 Vendor allowance receivables 203 173 25 3 1 1 Other receivables 155 94 41 13 1 6 748 555 126 27 16 24 Provision for impairment (20) (2) (1) (2) (15) Total receivables 728 555 124 26 14 9 Receivables that were past due but not impaired relate to a number of independent customers for whom there is no recent history of default.

Jaarverslagen | 2014 | | pagina 169