10.d Net impairment losses on trade receivables and other financial assets - €1,285 million

 

Millions of euro      
  2020 2019 Change
Impairment losses on trade receivables 1,505 1,239 266 21.5%
Impairment losses on other financial assets 46 116 (70) -60.3%
Total impairment losses on trade receivables and other financial assets 1,551 1,355 196 14.5%
Impairment gains on trade receivables (194) (202) 8 -
Impairment gains on other financial assets (72) (9) (63) -
Total impairment gains on trade receivables and other financial assets (266) (211) (55) -
NET IMPAIRMENT LOSSES ON TRADE RECEIVABLES AND OTHER FINANCIAL ASSETS 1,285 1,144 141 12.3%


The item, equal to €1,285 million, includes impairment losses and gains on trade receivables and other financial assets. The net impairment losses on trade receivables increased by a total of €141 million compared with 2019, primarily in Italy, mainly in reflection of the effects of the COVID-19 pandemic.