2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
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Consolidated financial statements of December 31st, <strong>2007</strong><br />
Trade receivables that are due are analyzed notably on the basis of the customer rating established by the Group (cf. note 4.c).<br />
Concerning these items and the resulting risk assessment, the Group determines the necessity of recording a provision. When<br />
applicable, provisions are recorded for the difference between the book value of the receivable and the estimated resale value<br />
determined in reference to professional price listings.<br />
Note 15 - 0ther debtors<br />
"Other receivables" includes mainly VAT receivables.<br />
Note 16 - Receivables by maturity<br />
31/12/<strong>2007</strong> 31/12/2006<br />
Other receivables 17 972 13 235<br />
Advances and instalments paid on orders 604 1 105<br />
Prepaid expenses 2 347 1 881<br />
Total 20 923 16 221<br />
At 31/12/07<br />
Amount maximum<br />
12 year<br />
1-5 years<br />
Trade receivables and related accounts 252 271* 252 271 0<br />
Trade receivables from financing activities 80 514* 33 405 47 109<br />
Other debtors 20 924 20 924 0<br />
Total<br />
* Including receivables due of K€29 577 (cf. note 14)<br />
353 709 306 600 47 109<br />
At 31/12/06<br />
Amount maximum<br />
12 year<br />
1-5 years<br />
Trade receivables and related accounts 224 258 224 258 0<br />
Trade receivables from financing activities 103 218 38 705 64 513<br />
Other debtors 16 221 16 221 0<br />
Total 343 697 279 184 64 513<br />
Note 17 - Deferred taxes<br />
Deferred tax assets are offset by deferred tax liabilities generated in the same tax jurisdiction. Deferred taxes are recoverable within one<br />
year except those calculated on the fair value of rental equipment, provisions for retirement commitments, translation differences on<br />
foreign net investments and the amortization of development expenditures.<br />
Deferred tax assets from unrecognized tax losses totalled K€6 635.<br />
Deferred taxes after offsetting assets and liabilities in the same tax jurisdiction break down as follows:<br />
31/12/<strong>2007</strong> 31/12/2006<br />
Deferred taxes assets 8 042 2 677<br />
Deferred tax liabilities (2 523) (1 229)<br />
Total 5 519 1 448<br />
ENGLISH