Notes (IFRS)

Trade receivables at December 31st, 2006 and 2005 consist of the following:

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December 31,

(in €m)

2006

2005

 

 

 

Receivables from sales of goods and services

5,227

5,209

Allowance for doubtful accounts

(375)

(407)

Total

4,852

4,802

Trade receivables are classified as current assets. As of December 31st, 2006 and 2005, respectively, 132 M € and 237 M € of trade receivables are not expected to be collected within one year.

In application of the percentage of completion method, as of December 31st, 2006 an amount of 1,477 M € (in 2005: 1,489 M €) for construction contracts is included in the trade receivables net of related advance payments received.