Note 26 – Trade receivables

 

2015 2014
Trade receivables 60 538 51 581
Provision for doubtful trade receivables -634 -403
Trade receivables, net 59 904 51 178

The provision for doubtful trade receivables has the following aging analysis:

2015 2014
Not due 151 45
<30 days 0 0
30-90 days 0 0
91-180 days 106 17
>180 days 377 341
Total provisions for doubtful trade receivables 634 403

The provision for doubtful trade receivables corresponds to 1% (1%) of total trade receivables and has changed as follows:

2015 2014
Provision at 1 January 403 332
Acquisitions 35 0
Addition of provisions for expected losses 217 155
Realized losses -12 -30
Reversal of unused provisions -16 -43
Translation differences 7 -11
Provision at 31 December 634 403

As at 31 December, trade receivables amounting to 4 692 TEUR (5 801 TEUR) were due but without any impairment deemed necessary. The overdue receivables relate to a number of customers who have not had any payment difficulties and from which the Group did not in previous periods have any impairment losses and does not expect any impairment losses related to the unpaid trade receivables.

The aging analysis of these trade receivables, which is past due but not impaired is as follows:

2015 2014
<30 days 3 635 5 034
30-90 days 834 761
91-180 days 213 4
>180 days 10 2
Total 4 692 5 801

Addition of provisions for expected losses are included in other operating expenses in the statement of profit or loss, while reversal of unused amounts is included in other operating income in the statement of profit or loss.