| |
|
|
|
|
12/31/2009 |
12/31/2008 |
01/01/2008 |
| Trade accounts receivable |
306,123 |
204,068 |
162,092 |
| (-) Provision for doubtful accounts |
(42,171) |
(37,963) |
(29,764) |
|
263,952 |
166,105 |
132,328 |
Due dates of the receivables are as follows:
| |
|
|
|
|
12/31/2009 |
12/31/2008 |
01/01/2008 |
| Due |
160,826 |
92,968 |
81,164 |
| |
|
|
|
| Overdue: |
|
|
|
| Up to 30 days |
83,256 |
59,512 |
37,911 |
| 31 – 60 days |
15,288 |
11,562 |
11,095 |
| 61 – 90 days |
12,060 |
8,347 |
7,926 |
| 91 – 180 days |
34,693 |
31,679 |
23,996 |
| |
306,123 |
204,068 |
162,092 |
The average term for receipt of subscriptions receivable is approximately 30 days. The provision for doubtful accounts is principally comprised of amounts overdue from 90 to 180 days. Overdue amounts of over 180 days are written off.
Provision for doubtful accounts is shown below:
| |
|
| |
|
| At January 1st, 2008 |
(29,764) |
| Expense for the year |
(40,310) |
| Utilized |
32,111 |
| At December 31, 2008 |
(37,963) |
| Expense for the year |
(41,053) |
| Utilized |
36,845 |
| At December 31, 2009 |
(42,171) |