6.18 Trade and other receivables

x € 1,000

Trade and other receivables are presented after deduction of impairment losses. No material impairment losses have been deducted from the amounts still to be invoiced on concluded projects. The write-down for expected bad debts is recognised in the statement of profit or loss under administrative expenses. At year-end 2022, a provision of €0.6 million was formed for impairment of trade receivables (2021: €4.1 million). For an analysis of the movements in this provision, see note 6.26 'Financial risks and risk management'.

Trade and other receivables are mainly short-term.