Annual Report Gorenje Group 2009

COMPANY - FINANCIAL INSTRUMENTS
COMPANY - NOTE: CREDIT RISK
Note 35 – Credit risk
The carrying amount of financial assets represents the maximum credit exposure. The maximum credit
risk exposure at the reporting date:
in TEUR 2009 2008
Available-for-sale financial assets 12,175 18,353
Loans 71,615 64,312
Trade and other receivables, excluding income tax receivable 175,623 191,152
Cash and cash equivalents 86 74
Interest rate swaps used for hedging: assets 0 327
Forward exchange contracts used for hedging: assets 0 4,793
Other financial receivables 5,667 6,476
Total 265,166 285,487
The maximum credit risk exposure of trade receivables at the reporting date by geographic region:
in TEUR 2009 2008
EU countries 61,335 65,061
East European countries 81,906 90,417
Other countries 21,940 16,849
Total 165,181 172,327
The maximum credit risk exposure of trade receivables at the reporting date by type of customer:
in TEUR 2009 2008
Wholesale customers 164,971 172,050
Other customers 210 277
Total 165,181 172,327
Gross amount Allowance Gross amount Allowance
in TEUR 2009 2009 2008 2008
Not past due 132,785 145,958
Past due 1 to 45 days 13,240 13,381
Past due 46 to 90 days 7,007 7,312
Past due 91 to 180 days 7,362 1,619
Past due over 180 days 10,283 -5,496 7,997 -3,940
Total 170,677 -5,496 176,267 -3,940
Changes in allowances for trade receivables due to impairment:
in TEUR 2009 2008
Balance at 1 January 3,940 3,999
Impairment loss 2,917 310
220
Annual Report Gorenje Group 2009