14. Trade and other receivables
As of December 31, 2017, trade and other receivables consisted of the following:
| Total as of December 31, 2017 |
Provision for impairment of receivables |
Net as of December 31, 2017 |
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Cash receivable from agents |
4,666 | (426 | ) | 4,240 | ||||||||
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Deposits issued to merchants |
3,919 | (13 | ) | 3,906 | ||||||||
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Comissions receivable |
827 | (18 | ) | 809 | ||||||||
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Advances issued |
240 | (1 | ) | 239 | ||||||||
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Rent receivables |
101 | (73 | ) | 28 | ||||||||
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Other receivables* |
440 | (14 | ) | 426 | ||||||||
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Total trade and other receivables |
10,193 | (545 | ) | 9,648 | ||||||||
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| * | As of December 31, 2017 the other receivables includes the amount of 336 from Otkritie bank for assets with incomplete transfer of ownership (see Note 10 and 11). |
As of December 31, 2016, trade and other receivables consisted of the following:
| Total as of December 31, 2016 |
Provision for impairment of receivables |
Net as of December 31, 2016 |
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Cash receivable from agents |
3,657 | (659 | ) | 2,998 | ||||||||
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Deposits issued to merchants |
2,318 | (3 | ) | 2,315 | ||||||||
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Comissions receivable |
162 | (7 | ) | 155 | ||||||||
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Advances issued |
144 | (1 | ) | 143 | ||||||||
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Rent receivables |
106 | (95 | ) | 11 | ||||||||
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Other receivables |
71 | (14 | ) | 57 | ||||||||
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Total trade and other receivables |
6,458 | (779 | ) | 5,679 | ||||||||
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The ageing analysis of trade receivables that are past due but not impaired as of December 31, 2017 are presented below:
| Ageing of receivables (days) | ||||||||||||||||||||||||||||
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As of December 31, 2017 |
Total | <30 | 30-60 | 60-90 | 90-180 | 180-360 | >360 | |||||||||||||||||||||
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Cash receivable from agents |
4,240 | 4,217 | 20 | 1 | 0 | 2 | 0 | |||||||||||||||||||||
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Comissions receivable |
809 | 797 | 5 | 5 | – | 1 | 1 | |||||||||||||||||||||
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Rent receivables |
28 | 19 | 6 | 2 | 1 | – | – | |||||||||||||||||||||
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Total trade and other receivables |
5,077 | 5,033 | 31 | 8 | 1 | 3 | 1 | |||||||||||||||||||||
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The ageing analysis of trade receivables that are past due but not impaired as of December 31, 2016 are presented below:
| Ageing of receivables (days) | ||||||||||||||||||||||||||||
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As of December 31, 2016 |
Total | <30 | 30-60 | 60-90 | 90-180 | 180-360 | >360 | |||||||||||||||||||||
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Cash receivable from agents |
2,998 | 2,568 | 423 | 1 | 3 | 1 | 2 | |||||||||||||||||||||
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Comissions receivable |
155 | 141 | 10 | 1 | 2 | 1 | — | |||||||||||||||||||||
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Rent receivables |
11 | 7 | 3 | 1 | — | — | — | |||||||||||||||||||||
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Total trade and other receivables |
3,164 | 2,716 | 436 | 3 | 5 | 2 | 2 | |||||||||||||||||||||
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For the year ended December 31, 2017, the provision for impairment of receivables movement was the following:
| Provision for impairment of receivables as of December 31, 2016 |
(Charge)/ reversal for the year |
Utilisation | Provision for impairment of receivables as of December 31, 2017 |
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Cash receivable from agents |
(659 | ) | 16 | 217 | (426 | ) | ||||||||||
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Deposits issued to merchants |
(3 | ) | (11 | ) | 1 | (13 | ) | |||||||||
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Comissions receivable |
(7 | ) | (11 | ) | — | (18 | ) | |||||||||
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Advances issued |
(1 | ) | — | — | (1 | ) | ||||||||||
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Rent receivables |
(95 | ) | 10 | 12 | (73 | ) | ||||||||||
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Other receivables |
(14 | ) | (5 | ) | 5 | (14 | ) | |||||||||
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Total trade and other receivables |
(779 | ) | (1 | ) | 235 | (545 | ) | |||||||||
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For the year ended December 31, 2016, the provision for impairment of receivables movement was the following:
| Provision for impairment of receivables as of December 31, 2015 |
(Charge)/ reversal for the year |
Utilisation | Provision for impairment of receivables as of December 31, 2016 |
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Cash receivable from agents |
(660 | ) | (125 | ) | 126 | (659 | ) | |||||||||
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Deposits issued to merchants |
(1 | ) | (2 | ) | — | (3 | ) | |||||||||
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Comissions receivable |
(21 | ) | (1 | ) | 15 | (7 | ) | |||||||||
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Advances issued |
(1 | ) | — | — | (1 | ) | ||||||||||
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Rent receivables |
(95 | ) | (15 | ) | 15 | (95 | ) | |||||||||
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Other receivables |
(16 | ) | 1 | 1 | (14 | ) | ||||||||||
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Total trade and other receivables |
(794 | ) | (142 | ) | 157 | (779 | ) | |||||||||
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For the year ended December 31, 2015, the provision for impairment of receivables movement was the following:
| Provision for impairment of receivables as of December 31, 2014 |
(Charge)/ reversal for the year |
Utilisation | Provision for impairment of receivables as of December 31, 2015 |
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Cash receivable from agents |
(506 | ) | (204 | ) | 50 | (660 | ) | |||||||||
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Deposits issued to merchants |
(6 | ) | (1 | ) | 6 | (1 | ) | |||||||||
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Comissions receivable |
(3 | ) | (19 | ) | 1 | (21 | ) | |||||||||
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Advances issued |
(2 | ) | 1 | — | (1 | ) | ||||||||||
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Rent receivables |
(29 | ) | (70 | ) | 4 | (95 | ) | |||||||||
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Other receivables |
(18 | ) | (6 | ) | 8 | (16 | ) | |||||||||
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Total trade and other receivables |
(564 | ) | (299 | ) | 69 | (794 | ) | |||||||||
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Receivables are non-interest bearing, except for agent receivables bearing interest rate of 16%-36% per annum and credit terms generally do not exceed 30 days. There is no requirement for collateral for customer to receive credit.