IN MILLIONS OF USD |
DEC 31, 2017 | DEC 31, 2016 | ||||||
| Trade receivables, gross | 5.3 | 8.4 | ||||||
| Allowances | (0.7 | ) | (0.2 | ) | ||||
| Trade receivables, net | 4.6 | 8.2 | ||||||
Trade receivables are stated at their nominal value less allowances for doubtful amounts. These allowances are established based on an individual evaluation when collection appears to be no longer probable.
AGING ANALYSIS OF TRADE RECEIVABLES
IN MILLIONS OF USD |
DEC 31, 2017 | DEC 31, 2016 | ||||||
| Not due | 0.7 | 4.1 | ||||||
| OVERDUE | ||||||||
| Up to 30 days | 0.6 | 0.1 | ||||||
| 31 to 60 days | – | 0.2 | ||||||
| 61 to 90 days | 0.8 | 0.1 | ||||||
| More than 90 days | 3.2 | 3.9 | ||||||
| Total overdue | 4.6 | 4.3 | ||||||
| Trade receivables, gross | 5.3 | 8.4 | ||||||
MOVEMENT IN ALLOWANCES
IN MILLIONS OF USD |
2017 | 2016 | ||||||
Balance at January 1 |
(0.2 | ) | (0.4 | ) | ||||
| Creation | (0.4 | ) | – | |||||
| Utilized | – | 0.2 | ||||||
| Currency translation adjustments | (0.1 | ) | – | |||||
Balance at December 31 |
(0.7 | ) | (0.2 | ) | ||||