v3.3.1.900
OTHER NON-CURRENT ASSETS (TABLES)
12 Months Ended
Dec. 31, 2015
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

 

                                                                                                                                                                                    

(US$ in millions)

 

December 31,
2015

 

December 31,
2014

 

Recoverable taxes, net(1)

 

$

133 

 

$

337 

 

Judicial deposits(1)

 

 

119 

 

 

159 

 

Other long-term receivables

 

 

23 

 

 

40 

 

Income taxes receivable(1)

 

 

195 

 

 

188 

 

Long-term investments

 

 

49 

 

 

263 

 

Affiliate loans receivable, net

 

 

15 

 

 

18 

 

Long-term receivables from farmers in Brazil, net(1)

 

 

117 

 

 

102 

 

Other

 

 

129 

 

 

154 

 

​  

​  

​  

​  

Total

 

$

780 

 

$

1,261 

 

​  

​  

​  

​  

​  

​  

​  

​  


(1)These non-current assets arise primarily from Bunge's Brazilian operations and their realization could take in excess of five years.

 

Long-term receivables from Brazilian farmers

 

                                                                                                                                                                                    

 

 

December 31,

 

(US$ in millions)

 

2015

 

2014

 

Legal collection process(1)

 

$

119 

 

$

179 

 

Renegotiated amounts(2)

 

 

58 

 

 

76 

 

Other long-term receivables

 

 

40 

 

 

 

​  

​  

​  

​  

Total

 

$

217 

 

$

255 

 

​  

​  

​  

​  

​  

​  

​  

​  


  

(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

 

                                                                                                                                                                                    

 

 

December 31, 2015

 

December 31, 2014

 

(US$ in millions)

 

Recorded
Investment

 

Allowance

 

Recorded
Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal collection process

 

$

78 

 

$

69 

 

$

164 

 

$

103 

 

Renegotiated amounts

 

 

37 

 

 

31 

 

 

65 

 

 

50 

 

For which no allowance has been provided:

 

 


 

 

 


 

 

 


 

 

 


 

 

Legal collection process

 

 

41 

 

 

 

 

15 

 

 

 

Renegotiated amounts

 

 

21 

 

 

 

 

11 

 

 

 

Other long-term receivables

 

 

40 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

217 

 

$

100 

 

$

255 

 

$

153 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

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

 

                                                                                                                                                                                    

 

 

December 31,

 

(US$ in millions)

 

2015

 

2014

 

Beginning balance

 

$

153

 

$

196

 

Bad debt provisions

 

 

11

 

 

11

 

Recoveries

 

 

(20

)

 

(23

)

Write-offs

 

 

(2

)

 

(22

)

Transfers(1)

 

 

5

 

 

10

 

Foreign exchange translation

 

 

(47

)

 

(19

)

​  

​  

​  

​  

Ending balance

 

$

100

 

$

153

 

​  

​  

​  

​  

​  

​  

​  

​  


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