15. Cash and Cash Equivalents
Delhaize Group Annual Report 2014 117
December 31, 2012
(in millions of
Net Carrying
Amount
Neither
Individually
Impaired nor
Past Due on
the Reporting
Date
Past Due -
Less than
30 Days
Past Due -
Between 30
and 180 Days
Past Due -
More than
180 Days
Trade receivables
628
431
123
43
31
Trade receivables - bad debt allowance
(31)
(3)
(7)
(4)
(17)
Other receivables
35
25
7
2
1
Total 632 453 123 41 15
Trade receivables are predominantly to be paid, in full, between 30 days and 60 days.
Trade receivables credit risk is managed by the individual operating entities and credit rating is continuously monitored either
based on internal rating criteria or with the support of third party service providers and the requirement for an 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 insurance coverage, if any. 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.
The movement of the bad debt allowance account was as follows:
(in millions of
2014
2013
2012
Bad debt allowance as of January 1
36
31
36
Addition (recognized in profit or loss)
8
15
3
Usage
(3)
(10)
(8)
Bad debt allowance at December 31
41
36
31
Cash and cash equivalents were as follows:
(in millions of
2014
2013
2012
Deposits with original maturity of three months or less
965
711
491
Cash at banks
562
363
347
Cash on hand
73
75
82
Cash and cash equivalents at December 31
1 600
1 149
920
Supplemental cash flow information:
(in millions of
2014
2013
2012
Non-cash investing and financing activities:
Finance lease obligations incurred for store properties and equipment
37
12
14
Finance lease obligations terminated for store properties and equipment
7
6
24
