91 / 130
19 Trade receivables
CHF million
31.12.2015 31.12.2014
Trade receivables nominal
264.7
227.8
Allowance for doubtful trade receivables
–9.8
–7.5
Total
254.9
220.3
The following summarizes the movement in the allowance for doubtful trade receivables:
CHF million
2015
2014
Allowance at January 1
–7.5
–6.3
Additions and release
–3.5
–1.0
Utilization
0.5
0.4
Reclassification to assets of disposal group
0.5
-
Currency translation adjustment
0.2
–0.6
Allowance at December 31
–9.8
–7.5
The collectability of trade receivables is monitored on an ongoing basis. An allowance for doubtful
trade receivables is recorded, which is calculated from the difference between the invoiced amount
and the expected payment.
The table below sets forth the aging of trade receivables and the allowance for doubtful trade
receivables, showing amounts that are not yet due as well as an analysis of overdue amounts. Trade
receivables that are not due and that are not impaired are expected to be settled within the agreed
payment terms.
CHF million
Nominal
31.12.2015
Allowance
31.12.2015
Nominal
31.12.2014
Allowance
31.12.2014
Not due
238.5
–9.2
216.1
–7.2
Overdue 1 to 89 days
19.4
–0.1
8.3
0.0
Overdue 90 to 179 days
2.4
–0.1
1.3
–0.1
Overdue 180 to 359 days
3.9
–0.2
0.9
–0.1
Thereafter
0.5
–0.2
1.1
–0.2
Total
264.7
–9.8
227.8
–7.5
87
Autoneum
Financial Report 2015
Consolidated financial statements