62 JOTUN A/S 12 RECEIVABLES (NOK THOUSAND) 31.12.2016 31.12.2015 Accounts receivable external* 69 453 69 542 Accounts receivable group companies 541 307 576 944 Other receivables external 68 948 72 475 Other receivables group companies 109 663 294 108 Total receivables 789 371 1 013 069 *) Including provision for bad debt. Allowances for credit losses have been evaluated upon individual basis on the accounts realisable and other receivables. Changes in allowances for bad debt is shown in following table: (NOK THOUSAND) 2016 2015 Allowances for bad debt as of 1 January 2 576 50 Allowances for bad debt made during the period 2 354 2 584 Realised losses for the year –632 –58 Total allowances for bad debt as of 31 December 4 298 2 576 Credit risk and foreign exchange risk regarding accounts receivable is discussed in note 21. Aging of external receivables as of 31 December was as follows: OVERDUE LESS THAN 30-60 60-90 MORE THAN (NOK THOUSAND) TOTAL NOT DUE 30 DAYS DAYS DAYS 90 DAYS 2016** 73 751 54 729 12 052 338 210 6 423 2015** 72 118 56 761 9 317 695 105 5 241 **) Does not include allowances for bad debt. BALANCES WITH SUBSIDIARIES, JOINT VENTURES AND ASSOCIATED COMPANIES 13 SUBSIDIARIES JOINT VENTURES/ ASSOCIATED COMPANIES (NOK THOUSAND) 31.12.2016 31.12.2015 31.12.2016 31.12.2015 NON-CURRENT ASSETS Other non-current receivables 2 502 484 2 356 037 1 349 1 601 Total non-current assets 2 502 484 2 356 037 1 349 1 601 CURRENT ASSETS Trade receivables 469 967 507 636 71 340 69 308 Other current receivables 109 663 260 696 – 33 412 Total current assets 579 631 768 332 71 340 102 720 Total assets 3 082 114 3 124 368 72 688 104 321 CURRENT LIABILITIES Trade creditors 85 676 93 300 13 434 19 869 Other current liabilities 348 738 279 437 360 978 339 308 Total liabilities 434 414 372 737 374 412 359 177
Jotun Annual Report 2016
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