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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