20. Trade and other receivables
Trade and other receivables includes mainly amounts receivable from customers and amounts to be invoiced (contract assets) for the provision of transmission services.
This item can be broken down as follows:
x € 1 million | As at 31 December 2023 | As at 31 December 2022 |
|---|---|---|
Trade receivables | 167 | 131 |
To be invoiced | 55 | 44 |
Prepayments | 49 | 35 |
Other receivables and accruals | 12 | 12 |
Total | 283 | 222 |
The age and expected credit losses on trade receivables, amounts yet to be invoiced and other receivables are specified in 32.2 Credit risk .
Trade and other receivables increased by € 61 million compared with the previous year. This increase is mainly attributable to an increase in revenue driven by higher rates. There was also an increase in prepayments due to relatively high advance payments for energy purchases.
