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Accounts receivable
 12 Months Ended
Dec. 31, 2012
Account/Finance receivables [Abstract]  
Accounts receivable

5. Accounts receivable

Accounts receivable consist of the following:

 

                 

 

As of December 31

(in thousands)

  

2012

EUR

    

2011

EUR

  

 

  
     

Accounts receivable, gross

                     607,359                       883,209  

Allowance for doubtful receivables

     (2,071)       (2,582)  

 

  
     

Accounts receivable, net

 

     605,288       880,627  

The carrying amount of the accounts receivable approximates the fair value. ASML performs ongoing credit evaluations on its customers’ financial condition. ASML periodically reviews whether an allowance for credit losses is needed by considering factors such as historical payment experience, credit quality, aging accounts receivables balances, and current economic conditions that may affect a customer’s ability to pay.

Movements of the allowance for doubtful receivables are as follows:

 

                 

 

Year ended December 31

(in thousands)

  

2012

EUR

    

2011

EUR

  

 

  
     

Balance at beginning of year

     (2,582)       (1,945)  

Addition for the year1

     (458)       (849)  

Utilization of the provision

     969       212  

 

  
     

Allowance for doubtful receivables

 

                          (2,071)                            (2,582)  

 

1 Addition for the year is recorded in cost of sales.