Current receivables
2017 | 2016 | |
Trade receivables | ||
|---|---|---|
Trade accounts receivable | 1,528 | 1,490 |
Deferred items | 29 | 24 |
Receivables from associates | 6 | 15 |
1,563 | 1,529 | |
Adjustment for bad debts | (21) | (25) |
Total Trade receivables | 1,542 | 1,504 |
Income tax receivable | 55 | 62 |
Other current receivables | ||
Other taxes and social security contributions | 36 | 31 |
Employee related receivables | 15 | 9 |
Acquisition related receivables | 8 | - |
Loans | 7 | 25 |
Receivables associates and joint ventures relating to cash facility | 21 | 17 |
Other receivables | 4 | 3 |
Deferred items | 2 | 2 |
Total Other current receivables | 93 | 87 |
Total current receivables | 1,690 | 1,653 |
Deferred items comprised €31 million (2016: €26 million) in prepaid expenses that will impact profit or loss in future periods.
With respect to trade accounts receivable that are neither impaired nor past due, there are no indications that the debtors will not meet their payment obligations. An aging overview of Trade receivables related to commercial transactions amounting to €1,356 million (2016: €1,343 million) is provided in the next table. The remaining balance reported as Trade receivables amounting to €172 million (2016: €146 million) is excluded from this analysis because it principally concerns reclaimable VAT and accruals that are not related to the payment behavior of customers.
Aging overview Trade receivables
in % | 2017 | 2016 |
Neither past due nor impaired | 80 | 82 |
1-29 days overdue | 14 | 12 |
30-89 days overdue | 5 | 3 |
90 days or more overdue | 1 | 3 |
The changes in the allowance for doubtful accounts receivable are as follows:
2017 | 2016 | |
Balance at 1 January | (25) | (17) |
|---|---|---|
Additions charged to income statement | (7) | (12) |
Deductions | 10 | 5 |
Exchange differences | 1 | (1) |
Balance at 31 December | (21) | (25) |