EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements 4

Notes to the consolidated fi nancial statements

Note c 8 Inventories and work-in-progress

09/30/2018

09/30/2019

Net

Gross

Impairment

Net

(in € thousands)

Raw materials

122,653

(24,403)

98,250

95,129

Work-in-progress (goods and services)

15,817

(509)

15,308

17,060

Semi- fi nished and fi nished goods

59,615

(4,086)

55,529

63,515

Trade goods

71,494

(12,259)

59,236

56,666

TOTAL

269,580

(41,257)

228,323

232,371

Note c 9 Trade receivables

09/30/2018

09/30/2019

Net

Gross

Impairment

Net

(in € thousands)

Trade receivables

115,174

(6,622)

108,552

134,397

TOTAL

115,174

(6,622)

108,552

134,397

Impairment is estimated on an individual basis, following the recognition of a known risk of default of the customer in question, and on the expected losses based on the lifetime of the receivable.

Changes in allowances for impairment of trade receivables break down accordingly:

09/30/2018

09/30/2019

(in € thousands)

ALLOWANCES FOR IMPAIRMENT OF TRADE RECEIVABLES AT THE BEGINNING OF THE FISCAL YEAR

(4,992)

(4,984)

First application of IFRS c 9

(137)

Net allowance (or reversal) recognized under pro fi t or loss

(2,483)

(19)

Change in Group structure

-

-

Other changes

990

11

ALLOWANCES FOR IMPAIRMENT OF TRADE RECEIVABLES AT THE END OF THE FISCAL YEAR

(6,622)

(4,992)

The payment schedule of receivables, subject to allowances for impairment or not, is presented below:

Receivables not due

Receivables not due

91 to 180 c days

181 to 360 c days > 360 c days

< 90 c days

Total

(in € thousands)

Gross trade receivables

82,043

19,837

3,866

3,368

6,061

115,174

Impairment of trade receivables

(69)

(191)

(788)

(1,782)

(3,793)

(6,622)

TOTAL NET RECEIVABLES

81,974

19,646

3,079

1,585

2,268

108,552

EXEL Industries Group I 2019 Universal Registration Document 72