| 31/12/2021 | 31/12/2020 | |||||
|---|---|---|---|---|---|---|
| (in millions of euros) | Gross value | Provision | Net value | Gross value | Provision | Net value |
TRADE RECEIVABLES |
23,326 |
31/12/2021(1,091) | 22,235 |
15,722 |
31/12/2020(1,201) | 14,521 |
overdue by up to 6 months |
1,285 |
31/12/2021 (215) |
1,070 |
1,249 |
31/12/2020 (242) |
1,007 |
overdue by 6-12 months |
481 |
31/12/2021 (136) |
345 |
465 |
31/12/2020 (193) |
272 |
overdue by more than 12 months |
978 |
31/12/2021 (551) |
427 |
851 |
31/12/2020 (526) |
325 |
Trade receivables due |
2,744 |
31/12/2021(902) | 1,842 |
2,565 |
31/12/2020(961) | 1,604 |
Trade receivables not yet due |
20,582 |
31/12/2021(189) | 20,393 |
13,157 |
31/12/2020(240) | 12,917 |
When it can be demonstrated that the Group has transferred substantially all the risks and benefits related to assignment of receivables, particularly the credit risk, the items concerned are derecognised.
Otherwise, the operation is considered as a financing operation, and the receivables remain in the balance sheet assets, with recognition of a corresponding financial liability.
| (in millions of euros) | 31/12/2021 | 31/12/2020 |
|---|---|---|
| Trade receivables assigned and wholly retained in the balance sheet | Trade receivables assigned and wholly retained in the balance sheet 31/12/2021 340 |
Trade receivables assigned and wholly retained in the balance sheet 31/12/202084 |
| Trade receivables assigned and partly retained in the balance sheet | Trade receivables assigned and partly retained in the balance sheet 31/12/2021 - |
Trade receivables assigned and partly retained in the balance sheet 31/12/202060 |
| Trade receivables assigned and wholly derecognised | Trade receivables assigned and wholly derecognised 31/12/2021 1,456 |
Trade receivables assigned and wholly derecognised 31/12/2020792 |
The Group assigned trade receivables for a total of €1,456 millions at 31 December 2021, mainly concerning Edison, EDF SA, Dalkia and Luminus (€792 million at 31 December 2020, mainly concerning Edison, EDF SA and Dalkia).
As most assignment operations are carried out on a recurrent, without-recourse basis, the corresponding receivables are no longer carried in the Group’s consolidated balance sheet.
Contract assets are rights held by an entity to receive a consideration in return for goods or services supplied to customers, when such rights are conditional on something other than the passage of time. Most contract assets mature within one year.
The contract assets included in receivables represent an amount of €545 million at 31 December 2021 and €389 million at 31 December 2020 and mainly concern Framatome, Dalkia and EDF Renewables.
Details of other receivables are as follows:
| (in millions of euros) | 31/12/2021 | 31/12/2020 |
|---|---|---|
| (in millions of euros) Prepaid expenses |
31/12/2021 1,485 |
31/12/2020 1,457 |
| (in millions of euros) Compensation for Public Energy Service charges (CSPE) |
31/12/2021 - |
31/12/2020 1,993 |
| (in millions of euros) VAT receivables |
31/12/2021 2,051 |
31/12/2020 1,988 |
| (in millions of euros) Other tax receivables |
31/12/2021 348 |
31/12/2020 248 |
| (in millions of euros) Other operating receivables |
31/12/2021 14,405 |
31/12/2020 3,247 |
| (in millions of euros)OTHER RECEIVABLES | 31/12/202118,289 | 31/12/20208,933 |
| (in millions of euros) Non-current portion |
31/12/2021 2,092 |
31/12/2020 2,015 |
| (in millions of euros) Current portion |
31/12/2021 16,197 |
31/12/2020 6,918 |
| (in millions of euros) Gross value |
31/12/2021 18,344 |
31/12/2020 9,013 |
| (in millions of euros) Impairment |
31/12/2021 (55) |
31/12/2020 (80) |
At 31 December 2021, other operating receivables include €9.8 billion of margin calls made in the trading activity (€0.6 billion in 2020), due to the commodity price rises observed in Europe in the second half of 2021. The amounts of margin calls recognised in assets cannot be netted with the margin calls recognised in liabilities (see note 13.5).
Other operating receivables also include €1,274 million of advances paid to suppliers (€1,045 million at 31 December 2020). Most of these advances concern nuclear fuel supply contracts in the France – Generation and Supply segment.
