92 / 130
Trade receivables comprise receivables due from customers with the following credit rating
(Standard & Poor’s long-term issuer rating):
CHF million
31.12.2015 31.12.2014
A– or higher
72.4
80.6
BBB– to BBB+
89.3
65.1
BB+ or lower
84.3
65.0
Not rated
8.8
9.6
Total
254.9
220.3
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
-
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
At December 31, 2014, trade receivables with a book value of CHF 3.5 million (2014: CHF 5.4 million)
were used as collateral for credit facilities with financing banks. In addition, trade receivables with
a book value of CHF 2.5 million (2014: CHF 2.4 million) were sold to third parties based on factoring
agreements and no material risks remain with Autoneum.
Trade receivables include amounts denominated in the following major currencies:
CHF million
31.12.2015 31.12.2014
EUR
103.4
80.6
USD
90.9
73.2
CNY
30.1
26.8
CAD
9.4
10.8
GBP
6.6
5.9
CHF
4.2
3.3
BRL
3.7
6.2
Other
6.6
13.5
Total
254.9
220.3
20 Cash and cash equivalents
CHF million
31.12.2015 31.12.2014
Cash at banks
77.1
112.9
Time deposit with original maturities up to 3 months
1.6
27.9
Total
78.7
140.9
88
Autoneum
Financial Report 2015
Consolidated financial statements