Notes to the Consolidated Financial Statement

 

17. Accounts receivable and other receivables

€ 000

2011

2010

Accounts receivable and other receivables

 

 

  Accounts receivable

18,750

21,919

  Security deposit for rental dues

402

374

  Receivables from customers on long-term projects

1,518

1,023

  Tax assets from the profit for the financial year

2,065

-

  Prepayments and accrued income

3,383

2,902

  Other receivables

405

581

Accounts receivable and other receivables

26,523

26,799

 

€ 000

2011

2010

Non-due accounts receivable

16,348

20,470

Accounts receivable due 1–30 days ago

1,579

1,132

Accounts receivable due 31–60 days ago

416

162

Accounts receivable due more than 60 days ago

406

154

Total

18,750

21,919

 

At the end of the fiscal year 2011, credit loss provisions totalled EUR 0.02 million. At the end of the fiscal year 2010, credit loss provisions totalled EUR 0.1 million. The book value of accounts receivable and security deposits for rental dues is a reasonable estimate of their fair value. Their balance sheet values best correspond with the sum of money that represents the maximum amount of credit risks. Essential items included in prepayments and accrued income are associated with the accrual of statutory insurance premiums and other accrued expenses.