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Jotun Annual Report 2014

33 JOTUN GROUP Note 11 continues OVERVIEW OF FINANCIAL INSTRUMENTS 2013 (NOK thousand) Of this interest-bearing Deposits and receivables Measure-ment Note level income Total Financial liabilities measured at amortised cost Financial instruments at fair value through statement of Non-current assets Share investments 3 8 248 8 248 Non-current financial receivables 184 647 184 647 184 647 Total 8 248 - 184 647 192 895 184 647 Current assets Accounts receivable 12 2 786 607 2 786 607 Other current receivables 12 477 152 477 152 Current derivatives 16 1 74 74 Cash and cash equivalents 13 1 120 156 1 120 156 Total 74 - 4 383 915 4 383 990 - Total financial assets 8 322 - 4 568 563 4 576 885 184 647 Non-current liabilities Non-current financial liabilities 14 2 1 368 482 1 368 482 1 368 482 Total - 1 368 482 - 1 368 482 1 368 482 Current liabilities Interest-bearing debt 14,16 1 258 748 1 258 748 1 258 748 Trade and other payables 1 235 491 1 235 491 Current tax liabilities 6 127 202 127 202 Other liabilities 15 362 532 362 532 Current derivatives 16 1 4 190 4 190 Total 4 190 2 983 973 - 2 988 163 1 258 748 Total financial liabilities 4 190 4 352 455 - 4 356 645 2 627 230 Total measurement level 1 (Quoted, unadjusted prices in active markets for identical assets and liabilities) Total measurement level 2 (Other techniques for which all inputs that have significant effect on the recorded fair value are observable, directly or indirectly) Total measurement level 3 (Techniques which use inputs which have significant effect on the recorded fair value that are not based on observable market data) Share investment consist of 33.4 per cent of the shares in Nor-Maali OY Note 12 TRADE AND OTHER RECEIVABLES Trade and other receivables (NOK thousand) 31.12.2014 31.12.2013 Accounts receivable 3 574 993 2 786 607 Bank receivables 86 717 74 432 Other receivables 385 815 402 720 Total 4 047 525 3 263 759 Bank receivables consist of bank drafts received from customers for payment of accounts receivable. Allowances for credit losses have been recorded upon individual evaluation of the accounts receivable and other receiveables. Realised losses for bad debt is classified as other operating expenses in the income statement.


Jotun Annual Report 2014
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