Page 29 - Kitron Annual Report 2011

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Notes to the consolidated financial statements
(Amounts in NOK 1000)
2011
2010
Accounts receivable
309 032
270 733
Provision for bad debts
(7 698)
(5 673)
Accounts receivable - net
301 335
265 060
Receivable from related parties (note 28)
36 146
37 776
Earned non-invoiced income
1 943
3 485
Prepaid costs
3 188
5 497
Other receivables
18 217
44 086
Total
360 829
355 904
Deducted long-term items
-
3 227
Current items
360 829
352 678
Long-term receivables are non-interest-bearing long-term receivables. All long-term receivables fall due within
five years from the balance sheet date.
Fair value of accounts receivable and other receivables:
(Amounts in NOK 1000)
2011
2010
Accounts receivable - net
301 335
265 060
Receivable from related parties (note 28)
36 146
37 776
Earned non-invoiced income
1 943
3 485
Prepaid costs
3 188
5 497
Other receivables
18 217
43 594
Total
360 829
355 413
For current receivables, the carrying amount is virtually identical with the fair value.
As of 31 December 2011 accounts receivables of NOK 301.3 million were fully performing. (2010: 265.1 million).
As of 31 December 2011 accounts receivables of 33.3 million (2010: NOK 56.0 million) were past due but not
impaired. These relate to a number of independent customers for whom there is no recent history of default.
The ageing analysis of these trade receivables is as follows:
(Amounts in NOK 1000)
2011
2010
Up to 3 months
30 461
32 560
3 to 6 months
2 835
23 443
Total
33 296
56 004
Note 14 Accounts receivable and other receivables