37 JOTUN GROUP 2015 FINANCIAL INSTRUMENTS FINANCIAL AT FAIR VALUES LIABILITIES MEASURE- THROUGH MEASURED AT DEPOSITS OF THIS MENT STATEMENT OF AMOTISED AND INTEREST (NOK THOUSAND) NOTE LEVEL INCOME COST RECEIVABLES TOTAL BEARING NON-CURRENT ASSETS Share investments 3 8 248 8 248 Non-current financial receivables 165 557 165 557 165 557 Total 8 248 – 165 557 173 805 165 557 CURRENT ASSETS Accounts receivable 13 4 104 342 4 104 342 Other current receivables 13 652 717 652 717 Cash and cash equivalents 14 1 520 840 1 520 840 1 520 840 Total – – 6 277 899 6 277 899 1 520 840 Total financial assets 8 248 – 6 443 456 6 451 703 1 686 397 NON-CURRENT LIABILITIES Non-current Financial liabilities 15 2 2 323 512 2 323 512 2 323 512 Total – 2 323 512 – 2 323 512 2 323 512 CURRENT LIABILITIES Interest-bearing debt 15, 11 954 374 954 374 954 374 Trade and other payables 1 702 541 1 702 541 Current tax liabilities 6 185 275 185 275 Other liabilities 16 1 763 028 1 763 028 Current derivatives 11 1 702 702 Total 702 4 605 218 – 4 605 921 954 374 Total financial liabilities 702 6 928 731 – 6 929 433 3 277 887 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 consisting of 33.4 per cent of the shares in Nor-Maali OY. 13 TRADE AND OTHER RECEIVABLES TRADE AND OTHER RECEIVABLES (NOK THOUSAND) 31.12.2016 31.12.2015 Accounts receivable 3 865 385 4 104 342 Bank receivables 249 394 187 089 Other receivables 389 540 465 628 Total 4 504 319 4 757 059 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 receivables. Realised losses for bad debt are classified as other operating expenses in the income statement.
Jotun Annual Report 2016
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