30 September 2021
30 September 2020
Due from equity accounted investees
The recoverable amounts of trade receivables are estimated every quarter. The important factors to be considered when estimating trade receivables are historical performance, the terms and conditions of contracts, and progress on and results of work performed. Both macro-economic factors, including the resulting impact of the Covid-19 pandemic and the financial position of the debtor are important when assessing the loss allowance.
Unbilled services on contracts with customers are presented as contract assets in Note 5.
All trade receivables are due within one year. They are subject to a first pledge in favour of the bank in connection with the credit facility provided, and a second pledge in favour of Coöperatie KPMG U.A. as security for loans advanced.
Trade receivables are shown net of expected credit losses of EUR 711 (2019/2020: net of expected credit losses of EUR 771). In the statement of profit or loss and other comprehensive income a profit of EUR 365 (2019/2020: loss of EUR 90) has been recognised under impairment on trade receivables (2019/2020: under impairment on trade receivables).
All other receivables are due within one year. The prepayments mainly consist of prepaid insurance premiums.