Note 21

Trade receivables and other short-term non-interest-bearing receivables

A total amount of €13.8 million (€4.7 million) of trade receivables has been recognised in the income statement as credit losses. Credit risk is described in more detail in note 44.

Deferred revenue and other accruals mainly include amortisation of marketing revenue, rebates and staff cost.

The fair value of short-term trade and loan receivables nearly equals the carrying amounts based on their short maturities.

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