20. Trade and Other Receivables

in thousands of EUR

Notes

31 December 2016

31 December 2015

Trade receivables

161,532

158,842

Less: provision for impairment of trade receivable

- 10,075

-7,677

Trade receivables – net

151,457

151,165

Receivables from related parties

37.1

8,937

9,145

Taxes and social security

25,380

22,441

Other receivables

69,092

46,825

Prepayments

36,628

37,340

291,494

266,916

The Group’s historical experience in collection of accounts receivable is considered in the recorded allowances. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Group’s trade receivables. The Group has recognized a provision of €10,075 (2015: €7,677) for the impairment of its trade receivables. The addition to and release of the provision for impaired receivables have been included in the selling and marketing costs in the Income Statement.

Movements on the provision for the impairment of trade receivables are as follows:

in thousands of EUR

2016

2015

At 1 January

7,677

9,118

Additions to provision for bad and doubtful debts

4,485

3,433

Receivables written off during the year as uncollectible

- 1,227

- 3,980

Unused amounts reversed

- 860

- 809

Exchange differences

-

- 85

At 31 December

10,075

7,677

As of 31 December 2016 €47,181 of the net trade receivables were past due but not impaired (2015: €49,657). The past due date of these receivables with no recent history of default, varies from 1 month to more than 9 months.

The ageing analysis for the trade receivables is as follows:

in thousands of EUR

31 December 2016

31 December 2015

Up to 3 months

132,940

131,835

Between 3 and 6 months

13,764

11,349

Between 6 and 9 months

5,186

8,456

Over 9 months

9,642

7,202

161,532

158,842

The carrying value less provision for the impairment of trade receivables is equal to the fair value.

The carrying amounts of the Group’s trade receivables, including provision, are denominated in various currencies which at year-end rate have the following values in €:

in thousands of EUR

31 December 2016

31 December 2015

Euro (EUR)

72,663

79,064

Brazilian Real (BRL)

16,529

12,258

British Pound Sterling (GBP)

11,532

15,888

Chilean Peso (CLP)

9,156

10,360

Danish Krone (DKK)

8,615

8,232

Turkish Lira (TRY)

7,413

6,557

Norwegian Krone (NOK)

6,818

6,224

Swedish Krona (SEK)

4,849

4,008

Other

13,882

8,574

Total

151,457

151,165