(9) Receivables
The Breakdown of Short-Term Rreceivables at December 31, 2005 and December 31, 2004 |
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TSKK | December 31, 2005 |
December 31, 2004 |
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Receivables from companies within the Group and other related parties (see Note 22) |
470,995 | 176,678 | ||
Trade receivables | 4,008,913 | 2,378,131 | ||
Tax receivables (see Note 21) | 0 | 88,100 | ||
Other receivables | 5,908 | 2,569 | ||
Provision for doubtful debt | (1,028,110) | (575,959) | ||
Total | 3,457,706 | 2,069,519 | ||
Out of the total receivables at December 31, 2005, overdue receivables are SKK 1,479,902 thousand (at December 31, 2004: SKK 637,672 thousand).
The provision for doubtful debts was set up based on the estimated recoverability of receivables from individ-ual groups of customers.
Movements in Provisions for Doubtful Debts to Reflect Their Net Realizable Value for the Period from January 1, 2005 to December 31, 2005 |
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TSKK | December 31, 2005 |
December 31, 2004 |
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Opening balance | 575,959 | 911,570 | ||
Creation | 463,492 | 3,397 | ||
Release/ Decrease | (11,341) | (339,008) | ||
Closing balance | 1,028,110 | 575,959 | ||
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