|Long-term receivables from others|
|Current receivables from others|
|The carrying amount of trade receivables and other receivables is a reasonable estimate of their fair value.|
|Aging of trade receivables|
|Not past due||7,959||6,031|
|Less than one month||1,833||1,452|
|One to three months||313||326|
|More than three months||157||49|
|Total past due||2,303||1,827|
Expected credit losses
The Group measures loss allowances for trade receivables at an amount equal to lifetime expected credit losses (ECL). No expected credit losses were recognized in reporting periods 2018-2019, because based on historical experience on realized impairment losses and calculation based on management’s experience-based judgement, expected credit losses were 0 euros for reporting periods 2018-2019. The measurement of expected credit losses is presented in Note 22.
The carrying amount of trade receivables represent the maximum credit exposure on the reporting date. The Group also holds credit insurance provided by Euler Hermes to cover potential credit losses of trade receivables from customers. The Group considers the need for credit insurance coverage on a customer-specific basis and insures the receivables from customers based on this estimate.
The realized credit losses from sales to customers have been of minor importance, and no impairment losses have been recognized on the reporting periods presented in the financial statements.
Group’s financial risk management and credit risk presented in Note 22.