
JOTUN A/S
70
11 Trade and other receivables
Jotun A/S discloses trade and other receivables net of allowance for credit losses. Allowances for credit losses have been recorded upon
individual evaluation of the accounts receivable and other receivables. The evaluation is based on an expected credit loss model in
accordance with IFRS 9.
(NOK THOUSAND) 31.12.2018 31.12.2017
Accounts receivable external* 103 017 63 894
Accounts receivable group companies 549 114 484 896
Other receivables external 41 807 60 424
Other receivables group companies 413 439 432 444
Total receivables 1 107 376 1 041 657
*) Including provision for bad debt.
The change in allowances for bad debt is shown in following table:
(NOK THOUSAND) 2018 2017
Allowances for bad debt as of 1 January 25 596 4 298
Allowances for bad debt made during the period 18 974 21 325
Realised losses for the year 2 –27
Total allowances for bad debt as of 31 December 44 572 25 596
Credit risk and foreign exchange risk regarding accounts receivable is discussed in note 10.
Aging of accounts receivable as of 31 December was as follows:
(NOK THOUSAND) Overdueeeeeeee
Less than 30–60 60–90 More than
Total Not due 30 days days days 90 days
2018 107 343 85 407 19 384 356 –109 2 305
2017 68 304 50 295 13 471 494 169 3 875
**) Does not include allowance for bad debt.
Intercompany balances with subsidiaries, joint ventures
and associated companies 12
Subsidiaries Joint ventures / Associated companies
(NOK THOUSAND)
31.12.2018 31.12.2017 31.12.2018 31.12.2017
Non-current assets
Other long-term receivables 2 551 254 2 576 362 1 361 1 286
Total 2 551 254 2 576 362 1 361 1 286
Current assets
Trade receivables 452 046 446 152 97 068 38 743
Other current receivables 413 439 400 824 – 31 619
Total 865 485 846 977 97 068 70 363
TOTAL ASSETS 3 416 739 3 423 339 98 429 71 648
Current liabilities
Trade creditors 127 101 96 443 12 904 10 212
Other short-term liabilities 123 971 309 695 11 545 301 922
TOTAL LIABILITIES 251 072 406 138 24 449 312 135