r
Notes to the
consolidated
financial statements
17 Receivables continued
continued
"(20)
"(20)'
20
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
At January 3, 2016, the aging analysis of receivables was as follows:
650
Receivables that were past due but not impaired relate to a number of independent customers for whom there is no recent history of default.
The changes in the provision for impairment were as follows:
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 January 1, 2017. For more information
about credit risk, see Note 30.
Provision for impairment
Total receivables
million
Trade receivables
Vendor allowance receivables
Other receivables
2016
(53)
(14)
11
(76)
2015
(11)
11
(20)
million
Beginning of the year
Acquisitions through business combinations
Released (charged) to income
Used
End of the year
Past due
12
months
1
4
25
(14)
11
6-12
months
1
5
9
(2)
7
Total
416
260
181
857
(20)
837
Not past
due
329
214
107
650
0-3
months
57
40
43
140
(2)
138
3-6
months
7
4
22
33
(2)
31
