v3.5.0.2
OTHER NON-CURRENT ASSETS (TABLES)
6 Months Ended
Jun. 30, 2016
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

 

 

 

June 30,

 

December 31,

 

(US$ in millions)

 

2016

 

2015

 

Recoverable taxes, net (1)

 

$

277 

 

$

133 

 

Judicial deposits (1)

 

141 

 

119 

 

Other long-term receivables

 

26 

 

23 

 

Income taxes receivable (1)

 

309 

 

195 

 

Long-term investments

 

53 

 

49 

 

Affiliate loans receivable, net

 

21 

 

15 

 

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

 

124 

 

117 

 

Other

 

138 

 

121 

 

 

 

 

 

 

 

Total

 

$

1,089 

 

$

772 

 

 

 

 

 

 

 

 

 

 

 

(1)

These non-current assets arise primarily from Bunge’s Brazilian operations and recovery of these amounts could take in excess of five years.

Long-term receivables from Brazilian farmers

 

 

 

June 30,

 

December 31,

 

(US$ in millions)

 

2016

 

2015

 

Legal collection process (1)

 

$

158 

 

$

119 

 

Renegotiated amounts (2)

 

47 

 

58 

 

Other long-term receivables

 

30 

 

40 

 

 

 

 

 

 

 

Total

 

$

235 

 

$

217 

 

 

 

 

 

 

 

 

 

 

 

(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, 2016

 

December 31, 2015

 

 

 

Recorded

 

 

 

Recorded

 

 

 

(US$ in millions)

 

Investment

 

Allowance

 

Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

$

95 

 

$

84 

 

$

78 

 

$

69 

 

Renegotiated amounts

 

35 

 

27 

 

37 

 

31 

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

63 

 

 

41 

 

 

Renegotiated amounts

 

12 

 

 

21 

 

 

Other long-term receivables

 

30 

 

 

40 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

235 

 

$

111 

 

$

217 

 

$

100 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

2016

 

2015

 

2016

 

2015

 

Beginning balance

 

$

108

 

$

131

 

$

100

 

$

153

 

Bad debt provisions

 

1

 

4

 

1

 

5

 

Recoveries

 

(9

)

(12

)

(9

)

(14

)

Transfers (1)

 

 

 

 

4

 

Foreign exchange translation

 

11

 

4

 

19

 

(21

)

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

111

 

$

127

 

$

111

 

$

127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

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