Annual Report 2007
Notes to the consolidated balance sheet
1/9 forward
14| Cash on hand and bank balances, securities
This item includes:
| € thousands |
Dec. 31, 2007 |
Dec. 31, 2006 |
| Cash on hand and bank balances | 80,822 | 163,199 |
|
Current securities with extremely low price risk |
472 | 21,575 |
| 81,294 | 184,774 |
15| Trade receivables
Trade receivables include:
| € thousands |
Dec. 31, 2007 |
Dec. 31, 2006 |
|
Trade receivables with maturities of less than 1 year |
169,471 | 152,060 |
| Uninvoiced services (<1 year) | 39,840 | 20,380 |
| 209,311 | 172,440 | |
|
Trade receivables with maturities of more than 1 year |
10,406 | 8,862 |
| Uninvoiced services (>1 year) | 5,298 | 1,177 |
| 225,015 | 182,479 |
The following trade receivables were not yet due or past due as of the reporting date:
| € thousands |
Dec. 31, 2007 |
Dec. 31, 2006 |
| Carrying amount | 225,015 | 182,479 |
|
of which neither impaired nor past due as of the balance sheet date |
166,159 | 146,405 |
|
of which past due in the following time bands |
||
|
1 to 3 months |
41,078 | 29,870 |
|
4 to 6 months |
11,419 | 3,458 |
|
7 to 12 months |
6,359 | 2,746 |
|
> 12 months |
0 | 0 |
In a number of countries, bad debt allowances are deducted directly from the trade receivables.
16| Other receivables and other assets
Other receivables and other assets mainly consist of hedging transactions related to the management incentive plan in the amount of €14,802 thousand. This item also contains receivables due from tax authorities based on input taxes as well as rent deposits.
17| Prepaid expenses
Prepaid expenses primarily include advance payments made by Software AG under license and lease agreements.
