32. Trade receivables - €12,046 million

 

Millions of euro        
  at Dec. 31, 2020 at Dec. 31, 2019 Change
Customers:        
 - electricity sales and transport 7,986 8,532 (546) -6.4%
 - distribution and sale of gas 900 1,284 (384) -29.9%
 - other assets 2,945 3,014 (69) -2.3%
Total trade receivables due from customers 11,831 12,830 (999) -7.8%
Trade receivables due from associates and joint ventures 215 253 (38) -15.0%
TOTAL 12,046 13,083 (1,037) -7.9%


Trade receivables due from customers are recognized net of loss allowances, which totaled €3,287 million at the end of the year, compared with a balance of €2,980 million at the end of the previous year. Specifically, the reduction for the year, totaling €1,037 million, mainly recognized in Italy (€819 million) and Latin America (€176 million), was attributable to the decline in receivables for the sale and transport of electricity and gas, the deterioration in the collection status of certain receivables and an increase in write-downs, all connected with the effects of the COVID-19 pandemic, as well as the depreciation of the Latin American currencies.

For more information on trade receivables, see note 44 “Financial instruments”.