Notes to the
consolidated
financial statements
16 Inventories
continued
17 Receivables
41
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
3,288
1,676
Other receivables
At January 1, 2017, the aging analysis of receivables was as follows:
In 2016, €1,071 million has been recognized as a write-off of inventories in the income statement (2015: €793 million). The write-off of inventories is
Ahold Delhaize’s best estimate based on significant assumptions applied to certain products measured using the retail method.
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 January 1, 2017, is €230 million (January 3, 2016: €142 million).
Vendor allowance receivables
Other receivables
321
174
88
52
19
23
12
7
2
14
442
270
Provision for impairment
Total receivables
Provision for impairment
Total receivables
1,664
(76)
1,588
261
(12)
249
48
(11)
37
181
857
(20)
837
million
Trade receivables
Vendor allowance receivables
million
Trade receivables
1,231
(11)
1,220
67
(5)
62
270
1,664
(76)
1,588
January 3,
2016
1,636
40
57
(37)
20
million
Finished products and merchandise inventories
Raw materials, packaging materials, technical supplies and other
Total inventories
January 1,
2017
3,233
55
January 1,
2017
952
442
January 3,
2016
416
260
Total
952
Not past
due
736
0-3
months
121
3-6
months
25
6-12
months
29
Past d ue
12
months
