Accounting policy
Current receivables, for which the contractual cash flows are solely principal and interest, are initially recognized at fair value plus any directly attributable transaction costs.
Subsequent to initial recognition, they are measured at amortized cost, which generally corresponds to their nominal, non-discounted value, less an adjustment for expected credit loss. Loss allowances for trade receivables are always measured at lifetime expected credit loss; see also Note 23 Financial instruments and risks.
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Trade receivables |
|
|
|
|
Trade accounts receivable |
|
1,633 |
|
2,238 |
Other trade receivables |
|
143 |
|
306 |
Deferred items |
|
77 |
|
61 |
Receivables from associates |
|
2 |
|
4 |
|
|
1,855 |
|
2,609 |
Expected credit loss |
|
(14) |
|
(20) |
Total trade receivables |
|
1,841 |
|
2,589 |
|
|
|
|
|
Income tax receivables |
|
153 |
|
51 |
|
|
|
|
|
Other current receivables |
|
|
|
|
Other taxes and social security contributions |
|
20 |
|
24 |
Employee-related receivables |
|
12 |
|
6 |
Acquisition-/disposal-related receivables |
|
16 |
|
12 |
Interest |
|
6 |
|
6 |
Loans |
|
16 |
|
23 |
Other receivables |
|
19 |
|
46 |
Deferred items |
|
16 |
|
12 |
Total other current receivables |
|
105 |
|
129 |
|
|
|
|
|
Total current receivables |
|
2,099 |
|
2,769 |
Information about the expected credit loss that relates to trade accounts receivable resulting in a loss allowance is included under Credit risk in Note 23 Financial instruments and risks.
Other trade receivables include VAT receivables from tax authorities for an amount of €112 million.
Deferred items comprised €93 million (2024: €73 million) in prepaid expenses that include advance payments for any expenditure that would have otherwise been made during the next 12 months.
The decrease in current receivables was mainly due to the reclassification to held for sale of the current receivables relating to the ANH business in the amount of €672 million at the end of 2025.
The carrying amount of current receivables approximates its fair value. See Note 23 Financial instruments and risks.