Note 28 – Accounts receivable and other receivables

Regarding credit risks and exposures, see Note 3.1.2.

Other receivables above relate to:

Credit exposure:

The credit risk associated with accounts receivable that are neither due nor impaired is not considered to be large. 40% (2015: 41%) of total accounts receivable that are neither due nor impaired have a rating of AA or higher. Due to the geographical spread, the history Duni possesses regarding its customers, and the improbability of all customers encountering payment difficulties at the same time, Duni sees no reason for impairment in this category. No individual debt exceeds 4.3% (2015: 4.9%) of the total accounts receivable that are neither due nor impaired.

Ageing of accounts receivable overdue but not impaired:

On December 31, 2016, provisions for bad debts amounted to SEK 23 m (2015: SEK 24 m). The individually assessed receivables in respect of which the need for impairment is deemed to exist relate primarily to wholesalers who have unexpectedly encountered financial difficulties. The assessment has been made that some of the claims are expected to be recoverable.

Ageing of impaired accounts receivable:

Specification of bad debt provisions:

Provisions for the respective reversal of reserves for bad debts are included in the item “Selling expenses” in the income statement.

In other categories within accounts receivable and other receivables, no assets are included for which a need for a write-down exists.

The maximum exposure to credit risks as per the balance sheet date is the fair value for each category of receivables mentioned above. The Group holds no assets pledged as security.

Reported amounts, per currency, for the Group’s accounts receivable:

*”Other currencies” refers to CHF, CZK, RUB, SGD, THB, USD, etc.