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\ 173
Notes to the Consolidated Accounts
\ Annual Accounts
(x €1,000)
2013
2012
Less than one year
3,523
4,558
More than one year but less than five years
14,277
9,571
More than five years
179,593
156,405
Minimum lease payments
197,393
170,534
Deferred financial income
-128,709
-114,165
Discounted value of minimum lease payments
68,684
56,370
Non-current finance lease receivables
67,449
53,397
More than one year but less than five years
13,864
9,295
More than five years
53,584
44,102
Current finance lease receivables
1,236
2,973
Less than one year
1,236
2,973
The fair value of the finance lease receivables at 31.12.2013 is estimated at €98.02 million.
NOTE 25.
ASSETS HELD FOR SALE
(x €1,000)
2013
2012
AT 01.01
10,670
12,025
Investments
39
2
Transfers from Investment properties
410
1,400
Disposals of assets during the year
-1,810
-826
Increase/Decrease in the fair value
-1,009
-1,931
AT 31.12
8,300
10,670
All the assets held for sale are investment properties.
Gross trade receivables which are due but not provisioned
(x €1,000)
2013
2012
Due under 60days ago
7,061
5,173
Due 60 to 120days ago
102
222
Due over 120days ago
1,149
3,310
TOTAL
8,312
8,705
NOTE 26.
CURRENT TRADE RECEIVABLES
(x €1,000)
2013
2012
Gross trade receivables
1
Gross trade receivables which are due but not provisioned
8,312
8,705
Gross trade receivables which are not due
17,386
13,931
Bad and doubtful receivables
353
1,425
Provisions for the impairment of receivables (-)
-353
-1,425
TOTAL
25,698
22,636
The Group has recognised a writedown on trade receivables of k€82 (2012: charge of k€-19) during the year ended 31.12.2013. The Board of Directors
considers that the book value of the trade receivables approximates their fair value.
1
The credit risk is detailed in the chapter “Risk Factors” of this Annual Financial Report.