14. Trade Receivables
|
|
Dec. 31, 2023 |
|
Dec. 31, 2024 |
|---|---|---|---|---|
Carrying amount |
|
1,598 |
|
1,792 |
Of which past due: |
|
|
|
|
1 to 30 days |
|
116 |
|
117 |
31 to 60 days |
|
6 |
|
1 |
more than 60 days |
|
59 |
|
62 |
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:
|
|
2023 |
|
2024 |
|---|---|---|---|---|
Jan.1 |
|
54 |
|
68 |
Currency translation adjustment |
|
–2 |
|
–1 |
Additions |
|
22 |
|
15 |
Reversals |
|
–6 |
|
–5 |
Dec. 31 |
|
68 |
|
77 |
Further information on calculation is contained in Note 30 “Additional Disclosures on Financial Instruments, Financial Risk Management, and Derivative Financial Instruments.”
IAS – International Accounting Standards/IFRS – International Financial Reporting
Standards International accounting standards created by the International Accounting Standards Board (IASB). According to EU regulation, publicly traded companies in Europe must account and report according to these rules.