Getinge 2022 Annual Report

Getinge 2022 Annual Report NOTE 13 Inventories Introduction Strategy Corporate Governance Annual Report Sustainability Report Other information Contents NOTE 14 Accounts receivable SEK M Raw materials Work in progress Finished products Total 2022 2021 SEK M 2022 2021 A maturity analysis of these accounts receivable is presented below: 2,407 1,596 Accounts receivable before provisions 5,531 4,948 1,015 724 2,810 2,447 Provision for doubtful receivables Total -256 -253 SEK M 2022 2021 5,275 4,695 6,232 4,767 Not fallen due Fallen due 1-5 days Fallen due 6-30 days Fallen due 31-60 days Fallen due 61-90 days Fallen due, more than 90 days Total -22 -17 -2 -1 -7 -2 -13 -2 -13 -4 -199 -226 -256 -253 Of the Group's inventories, SEK 6,147 M (4,734) is measured at cost and SEK 85 M (33) at net realizable value. The write-down during the year amounted to SEK 662 M (201). Reversed amounts from prior years amounted to SEK 422 M (206). The amounts are reported as cost of goods sold in the income statement. Accounts receivable net, after provision for doubtful receivables, theoretically constitutes maximum exposure for the calculated risk of losses. Accordingly, the carrying amount of accounts receivable represents the fair value. It is the Group's opinion that there is no significant concentration of accounts receivable to any single client. Letters of credit or the equivalent normally cover sales to countries outside the OECD. Confirmed credit losses in relation to net sales amounted to 0.1% (0.1) for the 2022 fiscal year. The provi- sion for doubtful receivables is based on historical credit losses and taking into consideration current and forward-looking information about customers' payment capacity. A maturity analysis of accounts receivable before provision for doubtful receivables is presented below: SEK M Not fallen due Fallen due 1-5 days Fallen due 6-30 days Fallen due 31-60 days Fallen due 61-90 days Fallen due, more than 90 days Total Recognized amounts, by currency, for the Group's accounts receivable are as follows: 2022 2021 1,754 1,577 1,812 1,542 202 232 100 98 133 142 1,530 1,357 5,531 4,948 SEK M EUR USD GBP CAD 2022 2021 SEK 4,091 3,678 Other currencies 264 190 Total 353 319 241 170 129 106 Changes in provision for doubtful receivables are as follows: 453 484 SEK M 2022 2021 5,531 4,948 At beginning of the year -253 -243 Acquisitions 0 Provision for expected losses -30 -53 Receivables written off during the year that cannot be recovered 24 20 Recovered doubtful receivables Translation differences. 28 34 -24 -11 At year-end -256 -253 At December 31, 2022, the Group's provisions for doubtful receivables totaled SEK 256 M (253). 93

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