Nota 16 Trade and other receivables
| As at 31.12.2015 |
As at 31.12.2014* restated |
|
|---|---|---|
| Trade receivables – related parties | 278 | 167 |
| Trade receivables – other parties | 724 812 | 830 977 |
| Tax receivables other than current tax assets | 242 305 | 303 808 |
| Construction contracts in progress – related parties | – | 1 070 |
| Construction contracts in progress – other parties | 2 619 | 1 163 |
| Advances paid – other parties | 88 938 | 75 049 |
| Other receivables – related parties | 29 | 2 |
| Other receivables – other parties | 21 108 | 18 030 |
| 1 080 089 | 1 230 266 | |
| Thereof: | ||
| Non-current | 1 797 | 2 932 |
| Current | 1 078 292 | 1 227 334 |
| 1 080 089 | 1 230 266 |
* Financial information restated as presented in point 2.3.1 of the notes to the consolidated financial statements
Impairment losses
| For the period 01.01.2015 – 31.12.2015 |
For the period 01.01.2014 – 31.12.2014 |
|
|---|---|---|
| Balance at the beginning of the period | 74 324 | 78 665 |
| Additions, including: | 8 057 | 11 781 |
| Impairment loss on trade receivables – related parties | 6 | 10 |
| Impairment loss on trade receivables – other parties | 7 055 | 6 024 |
| Impairment loss on construction contracts in progress – other parties | 573 | – |
| Impairment loss on other receivables – related parties | 15 | 21 |
| Impairment loss on other receivables – other parties | 408 | 5 705 |
| Assumed in business combinations | – | 21 |
| Deductions, including: (-) | (18 902) | (16 122) |
| Trade receivables written off – related parties | (32) | – |
| Trade receivables written off – other parties | (7 827) | (10 751) |
| Other receivables written off – related parties | (2) | (31) |
| Other receivables written off – other parties | (924) | – |
| Trade receivables impairment loss reversed – related parties | (17) | (172) |
| Trade receivables impairment loss reversed – other parties | (9 496) | (3 904) |
| Other receivables impairment loss reversed – other parties | (604) | (1 264) |
| Balance at the end of the period | 63 479 | 74 324 |
| Thereof: | ||
| Non-current | 1 856 | 3 622 |
| Current | 61 623 | 70 702 |
| 63 479 | 74 324 |
Not impaired trade receivables ageing
| As at 31.12.2015 |
As at 31.12.2014 |
|
|---|---|---|
| Not past due | 644 709 | 710 967 |
| Past due to 60 days | 55 825 | 99 008 |
| Past due 60-180 days | 23 522 | 19 953 |
| Past due 180-360 days | 741 | 397 |
| Past due more than 360 days | 293 | 819 |
| 725 090 | 831 144 |
Impaired trade and other receivables ageing structure
| As at 31.12.2015 |
As at 31.12.2014 |
|
|---|---|---|
| Not past due | 1 263 | 2 938 |
| Past due to 60 days | 409 | 2 255 |
| Past due 60-180 days | 1 801 | 1 572 |
| Past due 180-360 days | 1 669 | 2 809 |
| Past due more than 360 days | 58 337 | 64 750 |
| 63 479 | 74 324 |
Receivables currency structure
| As at 31.12.2015 |
As at 31.12.2014* restated |
|
|---|---|---|
| PLN | 647 766 | 709 190 |
| EUR translated to PLN | 295 525 | 323 859 |
| USD translated to PLN | 108 193 | 166 425 |
| XOF translated to PLN | 28 605 | 30 104 |
| Other | – | 688 |
| 1 080 089 | 1 230 266 | |
| Thereof: | ||
| Non-current | 1 797 | 2 932 |
| Current | 1 078 292 | 1 227 334 |
| 1 080 089 | 1 230 266 |
* Financial information restated as presented in point 2.3.1 of the notes to the consolidated financial statements
Impairment losses on receivables were recognised as it was probable they would not be collectible. Changes to impairment losses of trade receivables (reversals) are recognised in the statement of profit or loss as other income or expense (receivable principal) and finance income or expense (accrued interest).
Both trade and tax receivables do not bear interest.
Trade receivables in the amount of PLN 17 979 thousand (31 December 2014: PLN 13 776 thousand) secured the Group’s loans.
