As at 31 December, the ageing analysis of trade receivables is as follows:
(all amounts in Euro thousands)
| |
|
Group |
Company |
| |
|
2016 |
2015 |
2016 |
2015 |
| Neither past due but not impaired |
|
69,135 |
56,421 |
34,651 |
24,770 |
| Past due nor impaired : |
| |
<30 days |
15,910 |
11,061 |
3,213 |
3,441 |
| |
30-60 days |
7,508 |
5,539 |
1,289 |
2,537 |
| |
60-90 days |
4,867 |
6,196 |
1,137 |
4,185 |
| |
90-120 days |
2,477 |
3,907 |
74 |
1,947 |
| |
>120 days |
23,569 |
18,832 |
13,708 |
8,176 |
| |
|
123,466 |
101,956 |
54,072 |
45,056 |
The above mentioned trade receivables are secured by guarantees/collaterals, amounting to €27,100 thousand (31.12.2015: €27,819 thousand) for the Group and €10,390 thousand (31.12.2015: €10,716 thousand) for the Company (note 31).
On 31 December 2016, the aforementioned guarantees/collaterals secure effective credit risk of €9,981 thousand (2015: €9,384 thousand) for the Group and €4,748 thousand (2015: €3,779 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 |
| |
2016 |
2015 |
2016 |
2015 |
| Balance at 1 January |
29,850 |
29,136 |
4,246 |
4,466 |
| Charge for the year (note 29) |
2,316 |
3,062 |
47 |
276 |
| Unused amounts reversed (note 29) |
-2,903 |
-2,269 |
-275 |
-284 |
| Utilized |
-905 |
-774 |
-490 |
-212 |
| Reclassification from other receivables/payables |
17 |
71 |
- |
- |
| Additions due to acquisitions |
344 |
- |
- |
- |
| Exchange differences |
2 |
624 |
- |
- |
| Balance at 31 December |
28,721 |
29,850 |
3,528 |
4,246 |
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.