Annual Report 2010/11 - Sonova
Annual Report 2010/11 - Sonova
Annual Report 2010/11 - Sonova
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consolidated financial statements <strong>11</strong>7<br />
Provision for doubtful accounts is established based on individual adjustments and past experience. the charges to the<br />
income statement are included in general and administration costs. the following table summarizes the movements in the<br />
provision for doubtful accounts:<br />
1,000 chf <strong>2010</strong>/<strong>11</strong> 2009/10<br />
Provision for doubtful accounts, April 1 (17,870) (<strong>11</strong>,473)<br />
Utilization or reversal 7,575 4,779<br />
set up of provision (3,062) (8,595)<br />
changes through business combinations (2,649) (2,594)<br />
exchange differences 1,664 13<br />
Provision for doubtful accounts, March 31 (14,342) (17,870)<br />
during <strong>2010</strong>/<strong>11</strong> the group has utilized chf 4.1 million (previous year chf 2.3 million) of this provision to writeoff<br />
receivables.<br />
the carrying amounts of trade accounts receivable are denominated in the following currencies:<br />
1,000 chf 31.3.20<strong>11</strong> 31.3.<strong>2010</strong><br />
cad 25,070 26,559<br />
chf 20,889 24,066<br />
eUR 99,243 <strong>11</strong>2,122<br />
BRl 28,332 21,125<br />
Usd 103,535 97,695<br />
other 43,512 42,888<br />
Total trade accounts receivable, net 320,581 324,455
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