3 Trade accounts receivable

Trade accounts receivable are value-adjusted, as shown in the table below, where necessary and allocated to the following regions:

CHF million	2016	2015

Gross values	696	664

Individual value adjustments	–8	–6
Overall value adjustments	–22	–18
Net values	666	640

Europe	293	307
– Thereof Germany	88	98
– Thereof Switzerland	25	22
– Thereof Austria	13	15
– Thereof Rest of Europe	167	172
Americas	90	88
Asia	243	206
– Thereof China	180	141
Rest of world	40	39
Total	666	640

As of the balance sheet date, the aging structure of the trade accounts receivable, which are not subject to individual value adjustments, was as follows:

		2016		2015
CHF million	Receivable after individual value adjustments	Overall value adjustment	Receivable after individual value adjustments	Overall value adjustment

Not yet due	551		531
1 to 30 days overdue	66		64
31 to 90 days overdue	36		32
91 to 180 days overdue	20	9	15	5
More than 180 days overdue	15	13	16	13
Total	688	22	658	18

Value adjustments on trade accounts receivable have changed as follows:

CHF million	2016	2015

Individual value adjustments

As of 1 January	6	8
Increase/decrease	2	–2
As of 31 December	8	6

Overall value adjustments

As of 1 January	18	18
Increase/decrease	4
As of 31 December	22	18

The individual value adjustments amounted to CHF 8 million (previous year: CHF 6 million). It is assumed that part of the underlying receivables will be paid. Receivables not due are mainly receivables arising from long-standing customer relationships. Based on experience, GF does not anticipate any significant defaults. For further information on credit management and trade accounts receivable, see the chapter Risk management.