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13 Receivables

13 Receivables
CHF thousands 01.01.2010 Restated 31.12.2010 Restated 31.12.2011
         
  Trade accounts receivable 417,387 414,606 570,130
  Allowances for doubtful accounts -14,845 -14,769 -21,468
  Other receivables 65,840 67,744 57,584
  Other receivables from associates and partner plants - 7,607 482
  Total 468,382 475,188 606,728
         
  Receivables are carried in the following currencies:      
  Swiss francs 48,066 66,257 49,001
  Euros (translated) 420,316 408,931 528,589
  Other currencies (translated) - - 29,138

“Other currencies” primarily covers the RON and CZK.

All receivables fall into the category “Loans and receivables” and are measured at amortised cost. Receivables at 31 December 2011 (and 31 December 2010) are due within one year. Due to their short-term nature, the carrying amounts are assumed to be fair values. Trade accounts receivable include the following overdue and non-impaired amounts:

  01.01.2010 Restated 31.12.2010 Restated 31.12.2011
Less than 30 days overdue 11,713 6,967 28,230
31-60 days overdue 8,600 19,176 28,732
61-90 days overdue 6,983 4,727 12,453
91-180 days overdue 13,650 5,324 16,095
181-360 days overdue 16,365 7,929 12,032
More than 360 days overdue 34,012 32,654 40,722
       

The total amount of receivables which are neither impaired nor overdue is TCHF 423,388 (previous year: TCHF 322,632). There are no indications that would necessitate an allowance for these receivables.

Allowances for doubtful accounts amounted to:

  01.01.2010 Restated 31.12.2010 Restated 31.12.2011
At 1 January 12,360 14,845 14,769
Additions 8,433 10,301 16,519
Disposals -6,037 -8,331 -9,432
Translation differences 89 -2,046 -388
Total 14,845 14,769 21,468
       
Of which      
Individual allowances 14,723 7,597 10,378
Collective allowances 122 7,172 11,090
       

In the case of single significant positions where receipt of payment is uncertain, individual allowances are determined based on internal and external credit rating information. In addition, collective allowances are calculated based on historical accounts receivable losses and current information. Neither collateral nor any other enhancements are available for doubtful receivables.