TELEPERFORMANCE_Registration_document_2017
CONSOLIDATED FINANCIAL STATEMENTS
7
7.6 Notes to the consolidated financial statements
NOTE C.3 Accounts receivable – Trade and Other current assets
Accounts receivableb– Trade and Other current assets are initially recognized at fair value, then at amortized cost less any impairment losses.
12/31/2017
12/31/2016
Gross Write-downs
Net 896
b
Net 871
Accounts receivableb– Trade
901
-5
Other receivables Taxation recoverable
20 39
-10
10 39
12 37
b b b
Advances and receivables on non-current assets
3
3
8
Prepaid expenses
41
41
b b
43
TOTAL
1,004
-15
989
971
Accounts receivable – Trade is analyzed by geographical region as follows: b
12/31/2017
12/31/2016
English-speakingb&bAPAC
362 253 190
385 227 169
Ibero-LATAM
Continental Europe & MEA
Specialized services
91
90
TOTAL
896
871
The payment schedule of Accounts receivable – Trade is as follows: b
12/31/2017
12/31/2016
Not yet due
700 136
706 114
Overdue< 30bdays Overdue< 60bdays Overdue< 90bdays Overdue< 120bdays Overdue> 120bdays
30 13 10
21 10 13
7
7
TOTAL
896
871
Factoring arrangements Under a factoring agreement in place, receivables are sold without recourse, subject to the following principal conditions: ■ that they comply with the eligibility conditions set out in the agreement; ■ that they are not subject to reasonable dispute by the customer; and ■ that in the event of non-payment by the customer, the Group will respect the procedures set out in the insurance policy.
The Group and a number of its subsidiaries use factoring arrangements which comply with criteria for derecognition. The outstanding amounts concerned totaled €48.1bmillion and €50.5bmillion at Decemberb31 st , 2017band 2016, respectively. Under the agreements, the Group retains the credit control and receipt functions in respect of the sold receivables on behalf of the factor.
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Teleperformance bb - bb Registration documentbb 2017
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