Amounts in MNOK	31 Dec 07	31 Dec 06
Net trade receivables	1 456	1 329
Other receivables	151	123
Prepayments to suppliers	83	30
Total receivables	1 690	1 482

Amounts in MNOK	31 Dec 07	31 Dec 06
Trade receivables	1 496	1 383
Provision for bad debts	(40)	(54)
Total net trade receivables	1 456	1 329

Exposure to credit risk

For information about KONGSBERG's currency risk and how it is handled, see
Note 5 "Financial risk management".

The carrying amount for financial assets represents the Group's maximum credit exposure. The maximum exposure to credit risk on the balance sheet date was:

Amounts in MNOK	Note	31 Dec 07	31 Dec 06
Receivables	22	1 730	1 538
Other non-current assets	21	152	117
Projects in progress	23	1 082	1 107
Cash and short-term deposits	25	947	711
Forward currency contracts and interest swap agreements used as hedges	24	486	137
Total exposure to credit risk		4 397	3 610

The maximum exposure to credit risk related to trade receivables on the balance sheet date, by geographical region, was:

Amounts in MNOK	31 Dec 07	31 Dec 06
Norway	271	261
Rest of Europe	412	358
America	417	381
Asia	376	374
Other	20	9
Total	1 496	1 383

The maximum exposure to credit risk related to trade receivables on the balance sheet date, by customer category, was:

Amounts in MNOK	31 Dec 07	31 Dec 06
Public institutions	294	401
Private companies	1 202	982
Total	1 496	1 383

Impairment

Age distribution, trade receivables, at 31 December:

	31 Dec 07		31 Dec 06
Amounts in MNOK	Gross	Impair- ment	Gross	Impair- ment
Not yet due	580	-	588	-
Due in 1–120 days	699	(10)	626	(7)
Due in more than 120 days	217	(30)	169	(47)
Total	1 496	(40)	1 383	(54)

Historically, the Group has incurred a relatively modest percentage of bad debts. Credit insurance it used insofar as deemed necessary. For further information about the Group's credit risk, please see Note 5 "Financial risk management".

Change in the appropriation account for impairment attached to trade receivables:

Amounts in MNOK	2007	2006
Balance sheet at 1 Jan.	(54)	(48)
Actual losses	13	4
Provisions made	(9)	(10)
Reversed	10	-
Balance sheet at 31 Dec.	(40)	(54)