14 | trade and other receivables

2015

2014

Trade receivables

370,837

279,645

Minus: provision for doubtful receivables

-3,903

-4,542

Trade receivables minus provision for doubtful receivables

366,934

275,103

Other current receivables

4,005

3,901

Accrued income

11,267

15,379

BALANCE AS AT 31 DECEMBER

382,206

294,383

The age analysis of the trade receivables is as disclosed below: 

2015

2014

Payment period has not yet expired

321,326

228,364

Payment period has expired:

- < 90 days

43,909

44,983

- 91 – 180 days

1,413

969

- > 180 days

286

787

Total trade receivables not impaired

366,934

275,103

Plus: provision for doubtful receivables

3,903

4,542

Total trade receivables

370,837

279,645

A portion of the trade receivables in Belgium and France are sold (in 2014 Belgium, France and Germany). The risks and rewards related to the receivables were transferred to factoring companies. At the end of 2015 the group sold € 92.0 million (2014: € 124.1 million) in trade receivables. The decline was mainly the result of a partial scaling back of the factoring programme. The group may sell up to € 175 million in trade receivables at any given time.

Of the trade receivables invoiced of € 370.8 million (including VAT), an amount of € 270.1 million was insured and € 100.7 million was not. Of the uninsured amount € 35.1 million concerns trade receivables from government authorities. Of the trade receivables invoiced at the end of 2014 of € 279.6 million (including VAT), an amount of € 196.8 million was insured and € 82.8 million was not. Of the uninsured amount € 23.7 million concerned trade receivables from government authorities.

In 2015 an amount of € 0.3 million (2014: € 0.3 million) was received from the insurance company as compensation for damages.

Movement in the provision for doubtful receivables is as disclosed below:

2015

2014

Balance as at 1 January

4,542

6,087

Additions

552

822

Trade receivables written-off

-384

-817

Reversals

-807

-1,550

BALANCE AS AT 31 DECEMBER

3,903

4,542

The addition of provisions for doubtful receivables and releases from such provisions are recognised as selling expenses in the income statement.