Econocom - 2019 Universal registration document

209 2019 annual report 06 consolidated financial statements otes to the consolidated financial statements Trade receivables items are broken down below by business, net of impairment. in € ڳ millions 31 ژ Dec. 2019 31 ژ Dec. 2018* Recei- vables invoiced, net of impair- ment Outstan- ding rentals Revenue accruals Total Recei- vables invoiced, net of impair- ment Outstan- ding rentals Revenue accruals Total Technology Management & Financing 354.4 389.6 6.8 750.8 326.3 455.6 10.0 791.9 Digital Services & Solutions 155.8 - 93.8 249.6 232.6 - 158.5 391.1 Total 510.2 389.6 100.6 1,000.4 558.9 455.6 168.5 1,183.0 In accordance with the specifications of the standards, data at 31 December 2018 are not restated for the impact * of the application of IFRS 5 from 1 January 2019 (see 1.1.1.1). The net amounts reclassified at 31 December 2019 as assets held for sale were €59.4 million. At end-2019, the €389.6 million in portion of the €389.6 million includes not outstanding rentals includes a portion that is only self-funded outstanding rentals but also self-funded or refinanced with recourse for a a portion that will be refinanced, i.e ., when a gross amount of €238.5 million, of which refinancing agreement exists. €162.7 million is non-current. The current Impairment of receivables Initially, receivables are impaired taking into account expected credit losses, if material: short-term receivables (mainly for the DSS • business) are impaired on the basis of an average observed risk of default. This approach is based on the default rates observed individually by each of the Group’s subsidiaries; long-term receivables (mainly for the TMF • business) are impaired by taking into account the customer’s risk profile, the value of the underlying assets and a probability of occurrence. Subsequently, if there is serious doubt as to its recoverability, a loss allowance is recognised for the amount that is not recoverable. in € ڳ millions 31 ژ Dec. 2018 Additions Reversals Other changes Reclassi- fication under assets held for sale 31 ژ Dec. 2019 Impairment of doubtful receivables (57.9) (17.6) 10.6 (0.6) 1.6 (63.9)