Trade receivables at December 31st, 2006 and 2005 consist of the following:
| Download Excel |
|
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.
