Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade receivables and contract assets (Tables)

v3.22.1
Trade receivables and contract assets (Tables)
12 Months Ended
Dec. 31, 2021
Trade Receivables And Contract Assets [Abstract]  
Summary of Trade Receivables and Contract Assets

Trade receivables and contract assets are analyzed as follows:

 

 

 

At December 31,

 

 

At December 31,

 

(EUR thousand)

 

2021

 

 

2020

 

Trade receivables

 

 

171,803

 

 

 

135,514

 

Allowance for expected credit losses

 

 

(6,544

)

 

 

(7,696

)

Total trade receivables

 

 

165,259

 

 

 

127,818

 

 

 

 

 

 

 

 

Expected credit loss rate

 

 

3.8

%

 

 

5.7

%

Summary of Trade Receivables Breakdown by Geographical Area

Trade receivables breakdown by geographical area is shown below:

 

 

 

At December 31,

 

 

At December 31,

 

(EUR thousand)

 

2021

 

 

2020

 

EMEA

 

 

90,518

 

 

 

67,884

 

APAC

 

 

27,200

 

 

 

15,637

 

North America

 

 

43,762

 

 

 

37,261

 

South America

 

 

10,323

 

 

 

14,732

 

Total Trade Receivables

 

 

171,803

 

 

 

135,514

 

Summary of Allowances for Expected Credit Losses on Trade Receivables

Trade receivables are stated net of an allowance for expected credit losses which has been determined in accordance with IFRS 9 amounting to EUR 6,544 thousand and EUR 7,696 thousand for 2021 and 2020 respectively:

 

(EUR thousand)

 

2021

 

 

2020

 

As at January 1

 

 

7,696

 

 

 

7,355

 

Accruals

 

 

3,478

 

 

 

1,631

 

Releases

 

 

(4,413

)

 

 

(552

)

Utilizations

 

 

(390

)

 

 

(374

)

Exchange differences

 

 

173

 

 

 

(364

)

As at December 31

 

 

6,544

 

 

 

7,696