Note
| As at 31.12.2016 | As at 31.12.2015* restated | |
|---|---|---|
| Trade receivables - related entities | 3 | 278 |
| Trade receivables - other entities | 762 616 | 719 876 |
| Tax receivables other than current tax assets | 194 628 | 242 305 |
| Construction contracts in progress - other entities | 1 797 | 2 619 |
| Advances paid for property, plant and equipment – other entities | 51 186 | 52 512 |
| Advances paid for the supply of materials, merchandises and services – other entities | 17 616 | 36 426 |
| Prepayments – other entities | 29 425 | 28 156 |
| Other receivables - related entities | 935 | 29 |
| Other receivables - other entities | 21 449 | 21 108 |
| 1 079 655 | 1 103 309 | |
| Thereof: | ||
| Non-current | 6 259 | 7 023 |
| Current | 1 073 396 | 1 096 286 |
| 1 079 655 | 1 103 309 |
* Financial information restated as presented in point 2.3 of the notes to the consolidated financial statements.
Impairment losses
| For the period 01.01.2016 - 31.12.2016 | For the period 01.01.2015 - 31.12.2015 | |
|---|---|---|
| Balance at the beginning of the period | 63 479 | 74 324 |
| Recognised | 32 544 | 8 057 |
| Reversed | (6 962) | (10 117) |
| Used | (8 556) | (8 785) |
| Balance at the end of the period | 80 505 | 63 479 |
| Thereof: | ||
| Non-current | 513 | 1 856 |
| Current | 79 992 | 61 623 |
| 80 505 | 63 479 |
Impairment losses on receivables were recognised as it was probable they would not be collectible. Changes to impairment losses on trade receivables (recognition, reversals) are recognised in the statement of profit or loss as selling expenses and other costs by kind. Changes to impairment losses on other receivables and from leases are recognised in the statement of profit or loss as other income or expense (receivable principal) and finance income or expense (accrued interest).
A significant item of impairment recognised for receivables is an impairment loss of XOF 3 021 228 thousand (PLN 20 191 thousand as at 31 December 2016) recognised for the overdue receivables concerning sales to the Senegalese customer performed in 2014.
Not impaired trade receivables ageing
| As at 31.12.2016 | As at 31.12.2015* restated | |
|---|---|---|
| Not past due | 715 567 | 639 773 |
| Past due to 60 days | 36 485 | 55 825 |
| Past due 60-180 days | 7 424 | 23 522 |
| Past due 180-360 days | 1 432 | 741 |
| Past due more than 360 days | 1 711 | 293 |
| 762 619 | 720 154 |
* Financial information restated as presented in point 2.3 of the notes to the consolidated financial statements.
Impaired trade and other receivables ageing structure
| As at 31.12.2016 | As at 31.12.2015 | |
|---|---|---|
| Not past due | 1 502 | 1 263 |
| Past due to 60 days | 676 | 409 |
| Past due 60-180 days | 3 051 | 1 801 |
| Past due 180-360 days | 4 159 | 1 669 |
| Past due more than 360 days | 71 117 | 58 337 |
| 80 505 | 63 479 |
Receivables currency structure
| As at 31.12.2016 | As at 31.12.2015* restated | |
|---|---|---|
| PLN | 636 071 | 670 986 |
| EUR translated to PLN | 320 145 | 295 525 |
| USD translated to PLN | 114 595 | 108 193 |
| XOF translated to PLN | 8 793 | 28 605 |
| Other | 51 | - |
| 1 079 655 | 1 103 309 | |
| Thereof: | ||
| Non-current | 6 259 | 7 023 |
| Current | 1 073 396 | 1 096 286 |
| 1 079 655 | 1 103 309 |
* Financial information restated as presented in point 2.3 of the notes to the consolidated financial statements.
Both trade and tax receivables do not bear interest.
Trade receivables in the amount of PLN 6 712 thousand (31 December 2015: PLN 10 763 thousand) secure the Group’s loans.