Annual Report Gorenje Group 2009

GROUP - FINANCIAL INSTRUMENTS
GROUP - NOTE: CREDIT RISK
Note 40 - Credit risk
The carrying amount of financial assets represents the maximum credit exposure. The maximum credit
risk exposure at the reporting date was:
in TEUR 2009 2008
Available-for-sale financial assets 15,248 22,224
Loans 36,998 40,822
Trade and other receivables 287,536 305,883
Deposits 16,522 2,589
Other financial receivables 6,064 6,436
Cash and cash equivalents 27,130 24,115
Interest rate swaps used for hedging: assets 0 327
Forward exchange contracts used for hedging: assets 0 4,793
Total 389,498 407,189
The maximum credit risk exposure of trade receivables at the reporting date - by geographic region:
in TEUR 2009 2008
West 69,011 69,913
East 182,388 192,046
Other 341 58
Total 251,740 262,017
The maximum credit risk exposure of trade receivables at the reporting date - by type of customer:
in TEUR 2009 2008
Wholesale customers 210,017 223,982
Retail customers 32,804 28,836
Other customers 8,919 9,199
Total 251,740 262,017
Maturity of trade receivables at the reporting date:
in TEUR Gross amount Allowance Gross amount Allowance
2009 2009 2008 2008
Not past due 195,299 202,740
Past due 1 - 45 days 29,501 36,223
Past due 46 - 90 days 8,679 9,806
Past due 91 - 180 days 8,282 7,284
Past due more than 180 days 30,385 20,406 21,408 15,444
Total 272,146 20,406 277,461 15,444
Movement of allowances for trade receivables:
in TEUR 2009 2008
Opening balance at 1 January 15,444 12,484
151
Annual Report Gorenje Group 2009