3.3 Inventories
(NOK THOUSAND) 31.12.2019 31.12.2018
Raw materials 184 131 185 645
Finished goods 332 603 322 391
Allowance for obsolete goods -12 000 -11 600
Total 504 734 496 437
3.4 Trade and other receivables
(NOK THOUSAND) 31.12.2019 31.12.2018
Accounts receivable external 99 421 103 017
Accounts receivable - Jotun entities 532 981 549 114
Total accounts receivable 632 401 652 131
Other receivables external 82 639 41 807
Other receivables - Jotun entities 197 944 413 439
Total 912 984 1 107 376
The change in allowance for bad debt is shown in the following table:
(NOK THOUSAND) 2019 2018
Balance as of 1 January 44 572 25 596
Allowances for bad debt made during the period 35 613 21 405
Realised losses for the year -16 -2 428
Balance as of 31 December 80 170 44 572
Aging of accounts receivable as of 31 December was as follows:
(NOK THOUSAND) 31.12.2019 31.12.2018
Not due 516 269 464 699
Less than 30 days 58 984 108 124
30-60 days 17 635 16 591
60-90 days 6 756 12 072
More than 90 days 112 927 95 218
Allowance for bad debt* -80 170 -44 572
Total 632 401 652 131
* Allowances related to receivables from Jotun entities represent NOK 74 million (2018: NOK 40 million).
3.5 Other current liabilities
Back to Notes for the Parent Company
(NOK THOUSAND) 31.12.2019 31.12.2018
Public charges and holiday pay 158 673 106 019
Prepaid dividend from Jotun entities 305 649 275 462
Other liabilities to Jotun entities 243 461 135 516
Other accrued expenses 173 561 156 795
Total current provisions, see Note 3.6 272 925 379 698
Total 1 154 269 1 053 490
Received interim dividend from associates or joint ventures are recognised as current liability until
the final approval by the General Assembly subsequent year. Other accrued expenses are related to
commissions, bonuses to employees and other accrued expenses.
3.6 Provisions
2019
(NOK THOUSAND) Claims Environmental Other Total
Balance as of 1 January 375 246 28 241 15 449 418 936
Provisions arising during the year 178 378 4 000 20 000 202 378
Utilised -89 373 -8 467 -13 325 -111 165
Unused amounts reversed -895 -337 - -1 233
Balance as of 31 December 463 355 23 437 22 124 508 916
Current, see Note 3.5 259 764 937 12 224 272 925
Non-current 203 591 22 500 9 900 235 991
Total 463 355 23 437 22 124 508 916
2018
(NOK THOUSAND) Claims Environmental Other Total
Balance as of 1 January 187 998 31 370 15 000 234 368
Provisions arising during the year 250 510 1 000 9 900 261 410
Utilised -56 914 -4 129 -9 452 -70 494
Unused amounts reversed -6 349 - - -6 349
Balance as of 31 December 375 246 28 241 15 449 418 935
Current, see Note 3.5 368 409 5 741 5 549 379 698
Non-current 6 837 22 500 9 900 39 237
Total 375 246 28 241 15 449 418 935
JOTUN A/S
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