Modèle Word ddr danone

2018 
2019 
Total trade receivables derecognized in connection with the non-recourse factoring program 
(a)
61 
23 
(a) These relate to several Group subsidiaries that use non-recourse factoring programs (with transfer of risks and benefits).

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DANONE Consolidated financial statements 2019 25 
Reverse factoring programs 
The Group uses reverse factoring programs in the normal course of its business. These programs are implemented within a strict 
framework, notably with respect to: 
• 
use and function as a payment tool; 
• 
exclusively for approved invoices; 
• 
payment by Danone respecting the invoice terms, notably due dates, in accordance with applicable regulations and practices; 
• 
at no cost to Danone. 
The amounts to be paid using these payment tools are not reclassified. They remain commitments to suppliers and are carried as 
operating liabilities under Trade payables until paid by Danone, which has the effect of clearing the commitment.
Several of the Group’s subsidiaries in various parts of the world are involved in these programs, none of which is individually material. 
Fair value of trade receivables and payables 
As of December 31 
(in € millions) 
2018 
2019 
Trade receivables 
2,809 
3,019 
Impairment provisions 
(120) 
(114) 
Fair value of trade receivables 
2,689 
2,906 
 
 
Discounts granted to customers 
(a)
(1,199) 
(1,230) 
Fair value of trade receivables net of discounts granted 
1,490 
1,676 
(a) Amount recognized as a current liability in the Group’s consolidated balance sheet. 
Note 6.5. Property, plant and equipment, capital expenditure and leases (right-of-use 
assets)