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.