Note 10.2 Trade receivables
|Trade receivables are initially recognised at fair value. After initial recognition, these receivables are measured at amortised cost while taking into account impairment allowance. Trade receivables with maturity dates of less than 12 months are not discounted.|
|Current trade receivables||676||1 000|
As at 31 December 2016 as well as at 31 December 2015, there were no significant amounts of overdue trade receivables and for which no impairment has been identified. Impairment allowances on trade receivables (cumulatively and recognised in a given period) are immaterial for the current and comparable reporting periods. The Company is exposed to the credit risk and currency risk arising from trade receivables. Credit risk management and assessment of the credit quality of receivables is presented in Note 220.127.116.11. Information on risk of changes in foreign exchange rates is presented in Note 18.104.22.168. The fair value of trade receivables approximates the carrying amount.
Note 10.3 Trade payables
|Trade payables are initially recognised at fair value less transaction cost and are measured at amortised cost at the end of the reporting period.|
|Non-current trade payables||170||172|
|Current trade payables||1 372||1 318|
|Trade payables||1 542||1 490|
The item trade payables contains payables due to the purchase and construction of fixed and intangible assets which, as at 31 December 2016, amounted to PLN 170 million in the non-current part and PLN 629 million in the current part (as at 31 December 2015, respectively PLN 172 million and PLN 731 million).
The Company is exposed to currency risk arising from trade payables, and to liquidity risk. Information on currency risk is presented in Note 22.214.171.124 and on liquidity risk in Note 8.3.
The fair value of trade payables approximates the carrying amount.