26. Trade and other receivables
| 31.12.2023 | 31.12.2022 | |
| Gross receivables: | 750,544 | 900,856 |
| Trade receivables | 715,800 | 847,310 |
| Deposits on account of transactions hedging the aluminium price | 3,424 | 6,182 |
| Receivables from employees | 477 | 367 |
| Security for customs receivables | 131 | 6,638 |
| Other | 6,240 | 5,723 |
| Total gross financial receivables (under IFRS 7) | 726,072 | 866,220 |
| Public law receivables (except for income tax) | 14,390 | 15,019 |
| Prepayments (trade-related) for suppliers | 1,343 | 10,077 |
| Prepaid expenses | 8,739 | 9,540 |
| Total gross non-financial receivables | 24,472 | 34,636 |
| Write-down of receivables | (45,177) | (48,583) |
| Trade receivables | (41,617) | (46,944) |
| Prepayments (trade-related) for suppliers | (739) | (393) |
| Other | (2,821) | (1,246) |
| Net receivables: | 705,367 | 852,273 |
| Trade receivables | 674,183 | 800,366 |
| Deposits on account of transactions hedging the aluminium price | 3,424 | 6,182 |
| Receivables from employees | 477 | 367 |
| Security for customs receivables | 131 | 6,638 |
| Other | 3,419 | 4,477 |
| Total net financial receivables (under IFRS 7) | 681,634 | 818,030 |
| Public law receivables (except for income tax) | 14,390 | 15,019 |
| Prepayments (trade-related) for suppliers | 604 | 9,684 |
| Prepaid expenses | 8,739 | 9,540 |
| Total net non-financial receivables | 23,733 | 34,243 |
Trade receivables do not bear interest and usually have 14 to 90 days maturity.
The Group has implemented an appropriate policy related to sales only to verified customers, and applies receivables insurance and other forms of security. Consequently, according to the management’s opinion, there is no additional credit risk exceeding the level established by the write-down of the Group uncollectible receivables.
Changes in the write-downs of trade receivables:
| 2023 | 2022 | |
|---|---|---|
| At the beginning of the period | 48,583 | 51,457 |
| Recognition | 28 | 340 |
| Utilisation/adjustment | (3,434) | (3,214) |
| At the end of the period | 45,177 | 48,583 |
Below presented is the analysis of trade receivables which were overdue, but were not deemed impaired.
| Value of receivables (ageing structure) | 31.12.2023 | 31.12.2022 |
| Gross receivables | 750,544 | 900,856 |
| Not overdue | 645,653 | 789,345 |
| Overdue: | ||
| up to 3 months | 62,618 | 67,471 |
| 3 to 6 months | 1,926 | 0 |
| 6 to 12 months | 2,391 | 0 |
| over 12 months | 37,956 | 44,040 |
| Write-down of receivables | 45,177 | 48,583 |
| Not overdue | 233 | 2,199 |
| Overdue: | ||
| up to 3 months | 2,671 | 2,344 |
| 3 to 6 months | 1,926 | 0 |
| 6 to 12 months | 2,391 | 0 |
| over 12 months | 37,956 | 44,040 |
| Net receivables | 705,367 | 852,273 |
| Not overdue | 645,420 | 787,146 |
| Overdue: | ||
| up to 3 months | 59,947 | 65,127 |
| 3 to 6 months | 0 | 0 |
| 6 to 12 months | 0 | 0 |
| over 12 months | 0 | 0 |
Overdue receivables not covered with write-downs are insured or subject to other securities and, therefore, the Group expects their realisation. In the Group’s opinion, the credit quality of the receivables which are overdue but not covered by the write-downs described above is good.