Trade receivables are reflected and recognised at initially recognised amounts including the write-down for the expected credit losses throughout the useful time. Should the influence of the money value in time be significant, the value of receivables is determined by discounting the forecast future cash flows to the present value at the discount rate reflecting the current market valuations of the money value in time. If a discounting method has been applied, the increase in receivables related to the lapse of time is recognised in the interest item of finance income.
Other receivables include, in particular, advance payments for the future purchase of inventories. As non-monetary assets, advance payments are not discounted.
State-budget receivables are presented in other non-financial assets, except for corporate income tax receivables, which represent a separate balance sheet item.
