EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements 5

Notes to the consolidated fi nancial statements

Note 9 Trade receivables

09/30/2019

09/30/2020

Net

Gross

Depreciation

Net

(in € thousands)

Trade receivables

143,054

(7,104)

135,950

108,552

TOTAL

143,054

(7,104)

135,950

108,552

Depreciation is estimated on an individual basis, following the recognition of a known risk of default of the customer in question, and on the expected losses based on the lifetime of the receivable.

Changes in allowances for impairment of trade receivables break down accordingly:

09/30/2019

09/30/2020

(in € thousands)

ALLOWANCES FOR IMPAIRMENT OF TRADE RECEIVABLES AT THE BEGINNING OF THE FISCAL YEAR

(6,622)

(4,992)

First application of IFRS 9

(137)

Net allowance (or reversal) recognized under pro fi t or loss

(385)

(2,483)

Change in Group structure

(262)

-

Other changes

166

990

ALLOWANCES FOR IMPAIRMENT OF TRADE RECEIVABLES AT THE END OF THE FISCAL YEAR

(7,104)

(6,622)

The payment schedule of receivables, subject to allowances for impairment or not, is presented below:

Overdue receivables

Receivables not due

181 to 360 days > 360 days

< 90 days 91 to 180 days

Total

(in € thousands)

Gross trade receivables

113,171

17,292

2,856

2,190

7,545

143,054

Impairment of trade receivables

(143)

(331)

(339)

(335)

(5,946)

(7,104)

TOTAL NET RECEIVABLES

113,028

16,961

2,517

1,845

1,599

135,950

Note 10 Other receivables

Net value 09/30/2019

Net value 09/30/2020

(in € thousands)

Tax receivables excluding corporate income tax (mainly VAT)

7,895

6,356

Amounts receivable from payroll tax agencies

377

272

Advances and prepayments paid

842

1,007

Sundry debtors

4,614

2,087

Prepaid expenses

4,006

3,968

TOTAL

17,733

13,691

Other receivables mainly consist of amounts for VAT refunds.

EXEL Industries group I 2020 Universal Registration Document

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