v2.4.0.8
OTHER NON-CURRENT ASSETS (Tables)
6 Months Ended
Jun. 30, 2013
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

 

 

 

June 30,

 

December 31,

 

(US$ in millions)

 

2013

 

2012

 

Recoverable taxes, net

 

$

280

 

$

309

 

Long-term receivables from farmers in Brazil, net

 

136

 

164

 

Judicial deposits

 

166

 

169

 

Other long-term receivables

 

42

 

60

 

Income taxes receivable

 

340

 

431

 

Long-term investments

 

388

 

414

 

Affiliate loans receivable, net

 

75

 

59

 

Other

 

148

 

140

 

Total

 

$

1,575

 

$

1,746

 

Long-term receivables from Brazilian farmers

 

 

 

June 30,

 

December 31,

 

(US$ in millions)

 

2013

 

2012

 

Legal collection process (1)

 

$

251

 

$

269

 

Renegotiated amounts (2)

 

94

 

119

 

Total

 

$

345

 

$

388

 

 

 

(1)             All amounts in legal process are considered past due upon initiation of legal action.

 

(2)             All renegotiated amounts are current on repayment terms.

Summary of recorded investment in long-term receivables and the related allowance amounts from Brazilian farmers

 

 

 

June 30, 2013

 

December 31, 2012

 

 

 

Recorded

 

 

 

Recorded

 

 

 

(US$ in millions)

 

Investment

 

Allowance

 

Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

$

162

 

$

159

 

$

178

 

$

165

 

Renegotiated amounts

 

53

 

50

 

67

 

59

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

89

 

 

91

 

 

Renegotiated amounts

 

41

 

 

52

 

 

Total

 

$

345

 

$

209

 

$

388

 

$

224

 

Summary of the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions)

 

2013

 

2012

 

2013

 

2012

 

Beginning balance

 

$

224

 

$

215

 

$

224

 

$

199

 

Bad debt provisions

 

12

 

11

 

13

 

26

 

Recoveries

 

(8

)

(5

)

(11

)

(9

)

Write-offs

 

(1

)

(1

)

(1

)

(1

)

Transfers (1)

 

2

 

 

2

 

 

Foreign exchange translation

 

(20

)

(22

)

(18

)

(17

)

Ending balance

 

$

209

 

$

198

 

$

209

 

$

198

 

 

 

(1)             Represents reclassifications from allowance for doubtful accounts-current for secured advances to suppliers.