The current trade receivables are mostly receivables with country-specific maturities on which no interest is charged.

The non-current trade receivables are for supplies to customers payable in one to five years. Interest is charged on these at market rates.

Impairment losses totalling EUR 10,477,000 (2008: EUR 6,291,000) were individually recognised on trade receivables and other financial assets with a gross carrying amount of EUR 167,284,000 (2008: EUR 210,883,000). Trade receivables for which individual assessment did not reveal any indication of impairment were grouped into receivables with similar credit risk characteristics and collectively assessed for impairment based on historical loss experience. This resulted in the recognition of impairment losses on a collective basis totalling EUR 2,624,000 (2008: EUR 846,000). The impaired receivables are owed by a large number of different customers. Receivables are monitored by the individual Group companies.

Receivables in the amount of EUR 2,830,000 were sold during the financial year, resulting in the derecognition of EUR 2,453,000 in the balance sheet. The sale proceeds came to EUR 2,561,000.

The derivative financial instruments sub-item mainly contains derivatives with positive fair values of EUR 431,000 (2008: EUR 897,000) that are not used for hedging purposes.

Trade receivables past due at 30 September 2009 before impairment losses recognised on a collective basis:

Impairment losses on trade receivables and other financial assets have changed as follows:

Detailed information on financial instruments is provided in Note 33.

Construction contracts in progress at the balance sheet date:

As a result of progress billings, the Group has no amounts due under construction contracts. Revenue from construction contracts came to EUR 15,559,000 in financial year 2008/2009 (2008: EUR 0,000), comprising EUR 15,517,000 in the Industrial Cranes segment and EUR 41,000 in the Services segment. There were no retentions at the balance sheet date.