Audited information

in CHF m

 

31.12.2016

 

31.12.2015

Gross accounts receivable – trade

 

1 032

 

949

Gross accounts receivable – associates and joint ventures

 

9

 

13

Less: provision for doubtful accounts receivable

 

–30

 

–28

Total

 

1 011

 

934

The following summarizes the movement in the provision for doubtful accounts receivable:

in CHF m

 

2016

 

2015

As per 1 January

 

–28

 

–31

Charged to the income statement

 

–13

 

–21

Amounts used

 

3

 

10

Acquired in business combinations

 

–2

 

Unused amounts reversed

 

9

 

8

Effect of disposals

 

 

1

Exchange rate differences

 

1

 

5

At 31 December

 

–30

 

–28

Of the total provision for doubtful accounts receivable, the following amounts concern trade receivables that were individually impaired:

in CHF m

 

31.12.2016

 

31.12.2015

Trade receivables aged up to six months

 

–4

 

–2

Trade receivables aged over six months

 

–15

 

–9

Total provision for individual impairment

 

–19

 

–11

There is no concentration of credit risk with respect to trade receivables, as the Group has a large number of internationally dispersed customers.

The Group recognizes the impairment of trade receivables in »Selling, general and administrative costs« in the income statement.

The maximum credit risk on trade receivables is equal to their fair value.

Collaterals are only required in rare cases (2016: CHF 2 million, 2015: CHF 1 million).

The carrying amounts of the Group’s trade receivables are denominated in the following currencies:

in CHF m

 

31.12.2016

 

31.12.2015

EUR

 

347

 

360

USD

 

320

 

268

CNY

 

70

 

61

BRL

 

51

 

40

JPY

 

35

 

37

INR

 

23

 

22

Other

 

165

 

146

Total

 

1 011

 

934

As of 31 December 2016, »Total trade receivables – net« include an amount of CHF 143 million (2015: CHF 138 million) past due, but not impaired. These relate to a number of customers for whom there is no recent history of default.

The ageing analysis of these trade receivables is as follows:

in CHF m

 

31.12.2016

 

31.12.2015

Up to three months past due, but not impaired

 

120

 

119

Three to six months past due, but not impaired

 

10

 

10

More than six months past due, but not impaired

 

13

 

9

Total

 

143

 

138

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