Annual Report 2022

Annual Report 2022

14. Trade Receivables

(in € million)

 

 

Dec. 31, 2021

 

Dec. 31, 2022

Carrying amount

 

1,306

 

1,508

Of which past due:

 

 

 

 

1 to 30 days

 

68

 

115

31 to 60 days

 

14

 

18

more than 60 days

 

32

 

74

Under IFRS 9, trade receivables belong to the “at amortized cost” measurement category. They are measured at cost less impairment.

The following changes in valuation allowances on receivables were recorded:

Valuation Allowances(in € million)

 

 

2021

 

2022

Jan. 1

 

51

 

50

Currency translation adjustment

 

1

 

1

Additions

 

16

 

10

Utilized

 

–1

 

–1

Reversals

 

–17

 

–6

Dec. 31

 

50

 

54

Further information on calculation is contained in Note 29 “Additional Disclosures on Financial Instruments, Financial Risk Management, and Derivative Financial Instruments.”