[26] Trade receivables
The trade receivables break down as follows: > TABLE 074
Trade receivables |
|
074 |
in € million |
2016 |
2015 |
Receivables from third parties |
863.6 |
631.8 |
thereof receivables from third parties before valuation allowances |
904.0 |
670.3 |
thereof valuation allowances for overdue receivables > 90 days ≤ 180 days |
–4.8 |
–6.5 |
thereof valuation allowances for overdue receivables > 180 days |
–24.7 |
–22.1 |
thereof other valuation allowances for receivables |
–11.0 |
–9.9 |
Trade receivables from non-consolidated subsidiaries |
13.2 |
16.2 |
Trade receivables from equity-accounted investments and other investments |
19.1 |
20.9 |
Construction contracts with a net credit balance due from customers |
103.1 |
1.5 |
Total trade receivables |
998.9 |
670.5 |
Valuation allowances of €40.4 million (31 December 2015: €38.5 million) were recognised for trade receivables.
The breakdown of construction contracts that had not been completed by the reporting date is presented in > TABLE 075. Construction contracts with a net credit balance due from customers are included in trade receivables (see disclosures in this note). Construction contracts with a net debit balance due to customers are reported under other current liabilities (see note [35]). Advances received in respect of construction contracts for which no work had yet been carried out amounted to €28.3 million as at 31 December 2016 (31 December 2015: €0.0 million). Customer retentions relating to construction contracts came to €0.6 million (31 December 2015: €0.0 million).
Construction contracts |
|
075 |
in € million |
2016 |
2015 |
Contract costs incurred and |
|
|
recognised profits (less recognised losses) |
2,247.8 |
71.8 |
less progress billings |
–2,445.4 |
–80.2 |
Total |
–197.6 |
–8.3 |
thereof gross amount due from customers for contract work |
103.1 |
1.5 |
thereof gross amount due to customers for contract work |
–300.7 |
–9.9 |