3. Trade and other receivables
| in thousand EUR | 2018 | 2017 | ||
|---|---|---|---|---|
| Trade receivables, third parties | 6 663 | 5 872 | ||
| Trade receivables, associates | 5 | 48 | ||
| Loss allowances for trade receivables | –914 | –899 | ||
| Total trade receivables net | 5 754 | 5 021 | ||
| Other short-term receivables | 5 830 | 5 462 | ||
| Total | 11 584 | 10 483 |
The carrying amounts of the receivables approximate to their fair values. Other receivables mainly contain credit balances from governments.
Loss allowances for trade receivables
| in thousand EUR | 2018 | 2017 | ||
|---|---|---|---|---|
| At 1 January | 899 | 1 039 | ||
| Addition in loss allowances | 112 | – | ||
| Release of loss allowances | –6 | – | ||
| Currency effects | –91 | –140 | ||
| At 31 December | 914 | 899 |
The impairment for expected credit losses under IFRS 9 on trade receivables contains collectively assessed positions (Lifetime ECL) by using the simplified approach as well as individually assessed positions (12 month ECL). In 2017, the loss allowances on trade receivables were compiled in accordance with IAS 39.
Taking into consideration the terms and conditions established with customers, the following table sets forth details of the age of trade receivables:
| in thousand EUR | Expected credit loss default rate |
2018 |
2017 |
|||
|---|---|---|---|---|---|---|
| Not overdue | 0.5–0.6% | 1 172 | 5 326 | |||
| Less than 30 days overdue | 0.5–0.6% | 3 430 | 520 | |||
| 31 to 60 days overdue | 1.7–2.0% | 1 507 | 95 | |||
| 61 to 180 days overdue | 10.0% | 317 | 82 | |||
| More than 180 days overdue | 15.0% | 242 | –103 | |||
| Total trade receivables gross | 6 668 | 5 920 | ||||
| Loss allowances for trade receivables | –914 | –899 | ||||
| Total trade receivables net | 5 754 | 5 021 |
The standard payment terms for trade receivables are in most instances Cash Against Documents (CAD) or Letter of Credit (L/C). The Group considers trade receivables to be credit impaired when internal or external information give cause for serious concern to receive the outstanding amount. The credit ratings for the lifetime ECL base on the aging buckets of the trade receivables.
Trade receivables net include amounts denominated in the following currencies:
| in thousand EUR | 2018 | 2017 | ||
|---|---|---|---|---|
| EUR | 4 508 | 3 563 | ||
| USD | 519 | 199 | ||
| BRL | 81 | 118 | ||
| XAF | 646 | 1 141 | ||
| Total trade receivables net | 5 754 | 5 021 |