[25] Trade receivables
Trade receivables break down as follows:
in € million |
Dec. 31, 2023 |
Dec. 31, 2022 |
||
|---|---|---|---|---|
Receivables from third parties |
1,672.7 |
1,598.1 |
||
thereof receivables not due and overdue ≤ 90 days |
1,492.9 |
1,429.9 |
||
thereof receivables overdue > 90 days ≤ 180 days |
65.5 |
59.2 |
||
thereof receivables overdue > 180 days |
37.7 |
31.9 |
||
thereof receivables adjusted for individual valuation allowances |
76.7 |
77.1 |
||
Receivables from third parties measured at fair value through profit or loss (FVPL)1 |
104.9 |
88.8 |
||
Trade receivables from non-consolidated subsidiaries, equity-accounted investments, other investments and other related parties |
59.2 |
55.1 |
||
Valuation allowances for trade receivables |
–81.0 |
–74.7 |
||
thereof valuation allowances for receivables not due and overdue ≤ 90 days |
–6.5 |
–6.1 |
||
thereof valuation allowances for receivables overdue > 90 days ≤ 180 days |
–2.3 |
–1.5 |
||
thereof valuation allowances for receivables overdue > 180 days |
–3.9 |
–3.1 |
||
thereof individual valuation allowances |
–68.3 |
–64.0 |
||
Total trade receivables |
1,755.8 |
1,667.3 |
||
|
||||
The change in valuation allowances for trade receivables was as follows:
in € million |
2023 |
2022 |
|---|---|---|
Valuation allowances as at Jan. 1 |
74.7 |
57.3 |
Additions |
21.6 |
31.5 |
Reversals |
–4.5 |
–5.5 |
Utilizations |
–9.9 |
–8.1 |
Currency translation adjustments |
–0.8 |
–0.5 |
Valuation allowances as at Dec. 31 |
81.0 |
74.7 |
The average loss rates used for the recognition of valuation allowances for trade receivables in accordance with the simplified impairment approach under IFRS 9 vary depending on the Operating Unit and the period by which the receivable is past due. They ranged from 0.04 percent to 31.9 percent as at December 31, 2023 (December 31, 2022: 0.02 percent to 32.5 percent).