Annual report 2014

8 Receivables from investments and other current assets

EUR million 31 Dec. 2014 31 Dec. 2013
Receivables from investments 8 6
Other current assets 72 75
  80 81

The other current assets item includes value added tax receivables and other tax assets in the amount of EUR 13 million (previous year: EUR 13 million), prepaid expenses in the amount of EUR 14 million (previous year: EUR 15 million) and bonuses and discount claims against suppliers totalling EUR 13 million (previous year: EUR 11 million). Other current assets of EUR 1 million (previous year: EUR 11 million) are pledged as security for own liabilities.

The table below illustrates the changes in valuation allowances for receivables from investments and other current assets:

EUR million 2014 2013
As at 1 Jan. 0 20
Additions 8
Utilisations 1
Reversals 6
Foreign currency, changes in the scope of consolidation and other changes -21
As at 31 Dec. 0 0

The valuation allowances contain individual and portfolio-based allowances. The additions to valuation allowances are reported under other operating expenses. Once a bad debt is confirmed, the valuation allowance is utilised. Subsequent cash inflows in respect of written-off receivables are recognised in profit or loss. Reversals of valuation allowances are reported under other operating income. In the previous year, the foreign currency, changes in the scope of consolidation and other changes line item contained disposals in the amount of EUR 21 million in connection with the reclassification of the Celesio division as held for sale.

As at the reporting date, receivables from investments and the other receivables in the other current assets that are past due, but not impaired, are structured as follows:

EUR million 31 Dec. 2014 31 Dec. 2013
Carrying amount of past due, but not impaired receivables 2
of which past due for  
< 3 months 2
3 to 6 months
> 6 to 12 months
> 12 months  

With regard to the receivables that are past due, but not impaired, there is no indication that the debtors will not discharge their payment obligations. The same applies for receivables which are neither past due nor impaired.