NOTE 7. ACCOUNTS RECEIVABLE, NET
As of December 31, 2017 and 2016, accounts receivable and other receivables were as follows:
| 2017 | 2016 | |||||||
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Domestic customers, net |
Ps. | 60,057,141 | Ps. | 41,884,579 | ||||
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Export customers, net |
54,428,883 | 34,859,341 | ||||||
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Sundry debtors |
26,105,703 | 18,736,922 | ||||||
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Taxes to be recovered and prepaid taxes |
23,039,023 | 29,361,303 | ||||||
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Employees and officers |
5,681,478 | 6,054,251 | ||||||
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Advances to suppliers |
1,250,846 | 2,246,437 | ||||||
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Other accounts receivable |
82,160 | 77,694 | ||||||
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| Ps. | 170,645,234 | Ps. | 133,220,527 | |||||
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The following table shows a breakdown of accounts receivable based on their credit history at December 31, 2017 and 2016:
| Domestic customers | ||||||||
| 2017 | 2016 | |||||||
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1 to 30 days |
Ps. | 10,188,070 | Ps.1,767,718 | |||||
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31 to 60 days |
4,081,862 | 658,456 | ||||||
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61 to 90 days |
777,409 | 263,447 | ||||||
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More than 90 days(i) |
11,345,933 | 1,016,553 | ||||||
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Past due |
26,393,274 | 3,706,174 | ||||||
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Impaired (reserved) |
(951,932 | ) | (458,428 | ) | ||||
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Unimpaired |
25,441,342 | 3,247,746 | ||||||
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Current |
34,615,799 | 38,636,833 | ||||||
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Total |
Ps. | 60,057,141 | Ps.41,884,579 | |||||
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| (i) | The increase in 2017 in accounts receivable invoices more than 90 days old is primarily due to the termination of the outstanding balances compensation system in place between Mexican Government owned companies. |
| Export customers | ||||||||
| 2017 | 2016 | |||||||
|
1 to 30 days |
Ps. | 334,155 | Ps. | 341,184 | ||||
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31 to 60 days |
— | 6,824 | ||||||
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61 to 90 days |
— | 35,372 | ||||||
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More than 90 days |
315,888 | 624,157 | ||||||
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Past due |
650,043 | 1,007,537 | ||||||
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Impaired (reserved) |
(272,813 | ) | (374,699 | ) | ||||
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Unimpaired |
377,230 | 632,838 | ||||||
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Current |
54,051,653 | 34,226,503 | ||||||
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Total |
Ps. | 54,428,883 | Ps. | 34,859,341 | ||||
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Additionally, the reconciliation for impaired accounts receivable is as follows:
| Domestic customers | ||||||||
| 2017 | 2016 | |||||||
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Balance at the beginning of the year |
Ps. (458,428 | ) | Ps. (667,883 | ) | ||||
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Additions against income |
(493,514 | ) | (218,836 | ) | ||||
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Amount used |
10 | 428,291 | ||||||
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Balance at the end of the year |
Ps. (951,932 | ) | Ps. (458,428 | ) | ||||
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Export customers |
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| 2017 | 2016 | |||||||
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Balance at the beginning of the year |
Ps. (374,699 | ) | Ps. (312,004 | ) | ||||
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Additions against income |
(204,713 | ) | (25,931 | ) | ||||
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Amount used |
297,047 | — | ||||||
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Translation effects |
9,552 | (36,764 | ) | |||||
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Balance at the end of the year |
Ps. (272,813) | Ps. (374,699) | ||||||
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