As at 31 December, the ageing analysis of trade receivables is as follows:
(all amounts in Euro thousands)
| |
|
Group |
Company |
| |
|
2017 |
2016 |
2017 |
2016 |
| Neither past due nor impaired |
|
62,403 |
69,135 |
25,413 |
34,651 |
| Past due but not impaired : |
| |
<30 days |
20,422 |
15,910 |
2,127 |
3,213 |
| |
30-60 days |
8,746 |
7,508 |
695 |
1,289 |
| |
60-90 days |
3,942 |
4,867 |
378 |
1,137 |
| |
90-120 days |
1,899 |
2,477 |
324 |
74 |
| |
>120 days |
18,017 |
23,569 |
8,946 |
13,708 |
| |
|
115,429 |
123,466 |
37,883 |
54,072 |
The above mentioned trade receivables are secured by guarantees/collaterals, amounting to €26,500 thousand (31.12.2016: €27,289 thousand) for the Group and €8,463 thousand (31.12.2016: €10,390 thousand) for the Company (note 31).
On 31 December 2017, the aforementioned guarantees/collaterals secure effective credit risk of €18,082 thousand (2016: €9,981 thousand) for the Group and €4,304 thousand (2016: €4,748 thousand) for the Company.
Trade receivables and other receivables from related parties are non-interest bearing and are normally settled on 30-170 days for the Group and the Company.
| Allowance for doubtful and other debtors analysis |
Group |
Company |
| |
2017 |
2016 |
2017 |
2016 |
| Balance at 1 January |
28,721 |
29,850 |
3,528 |
4,246 |
| Charge for the year (note 29) |
2,599 |
2,316 |
151 |
47 |
| Unused amounts reversed (note 29) |
-2,239 |
-2,903 |
-150 |
-275 |
| Utilized |
-1,454 |
-905 |
- |
-490 |
| Reclassification from other receivables/payables |
- |
17 |
- |
- |
| Additions due to acquisitions |
- |
344 |
- |
- |
| Exchange differences |
-465 |
2 |
- |
- |
| Balance at 31 December |
27,162 |
28,721 |
3,529 |
3,528 |
The individually impaired receivables mainly relate to wholesalers, which are in unexpectedly difficult economic situation. It was assessed that a portion of the receivables is expected to be recovered.