Skip to website navigation Skip to article navigation Skip to content

16. Receivables

 

As at 31-12-2021

As at 31-12-2020

Trade receivables

164.4

125.1

Impairment provision

-1.2

-1.4

Total trade receivables

163.2

123.7

Other receivables

39.4

18.3

Derivatives

10.1

6.6

Prepayments and accrued income

8.7

6.5

Total other receivables

58.2

31.4

Total receivables

221.4

155.1

Trade receivables are not interest-bearing and generally have an average term of credit of 30-90 days. The group applies the IFRS 9 simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance for all trade receivables.

Breakdown of expired credit terms trade receivables (net of impairment provision)

 

Total

< 30 days

30-60 days

60-90 days

> 90 days

Sustainable Food Solutions

17.2

12.0

2.2

1.7

1.3

Lactic Acid & Specialties

7.3

5.1

0.9

0.7

0.6

Incubator

0.5

0.5

   

Total

25.0

17.6

3.1

2.3

1.9

Movements in trade receivables impairment provision

 

2021

2020

As at 1 January

-1.4

-1.3

Additions/releases

-0.5

-0.6

Use

0.8

0.4

Exchange rate differences

-0.1

0.1

As at 31 December

-1.2

-1.4

The additions to/releases from the trade receivables impairment provision are recognized as selling expenses.