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Trade and other receivables | 12 Months Ended
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Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract] |
Trade and other receivables | Trade and other receivables
| December 31, 2021 |  | December 31, 2020
Current assets | €m |  | €m
Trade receivables | 182.8 |  |  | 141.2 |
Prepayments and accrued income | 15.4 |  |  | 9.2 |
Other receivables | 32.3 |  |  | 31.2 |
Tax receivable | 4.1 |  |  | 3.4 |
Total current trade and other receivables | 234.6 |  |  | 185.0 |
Non-current assets |  |  |
Other receivables | 8.9 |  |  | 1.1 |
Total non-current trade and other receivables | 8.9 |  |  | 1.1 |
Total trade and other receivables | 243.5 |  |  | 186.1 |
Trade receivables, prepayments and other receivables, except for those defined as non-current, are expected to be recovered in less than 12 months. Other receivables includes VAT receivable. The aging of trade receivables is detailed below:
|  | Gross |  | Impaired |  | Net
December 31, 2021 |  | €m |  | €m |  | €m
Not past due |  | 343.8 |  |  | (0.1) |  |  | 343.7 |
Past due less than 1 month |  | 19.9 |  |  | (0.1) |  |  | 19.8 |
Past due 1 to 3 months |  | 5.2 |  |  | (0.6) |  |  | 4.6 |
Past due 3 to 6 months |  | 2.4 |  |  | (0.1) |  |  | 2.3 |
Past due more than 6 months |  | 5.0 |  |  | (2.7) |  |  | 2.3 |
Sub-total |  | 376.3 |  |  | (3.6) |  |  | 372.7 |
Reduction in trade-terms |  |  |  |  |  | (189.9) |
Total trade receivables |  |  |  |  |  | 182.8 |
|  | Gross |  | Impaired |  | Net
December 31, 2020 |  | €m |  | €m |  | €m
Not past due |  | 308.6 |  |  | (0.3) |  |  | 308.3 |
Past due less than 1 month |  | 20.5 |  |  | (0.2) |  |  | 20.3 |
Past due 1 to 3 months |  | 4.0 |  |  | (0.1) |  |  | 3.9 |
Past due 3 to 6 months |  | 1.1 |  |  | (0.1) |  |  | 1.0 |
Past due more than 6 months |  | 11.9 |  |  | (3.7) |  |  | 8.2 |
Sub-total |  | 346.1 |  |  | (4.4) |  |  | 341.7 |
Reduction in trade-terms |  |  |  |  |  | (200.5) |
Total trade receivables |  |  |  |  |  | 141.2 |
Reduction in trade-terms are described in Note 4(a). Trade receivables have been provided against based on expected credit losses on positions net of trade-terms, which fall into all aging categories. The maximum exposure to credit risk at the reporting date is the fair value of each class of receivable. The Company does not hold any collateral as security. Debts past due are not impaired where there are eligible trade terms deductions which can be offset against them. For the periods covered in these financial statements, the Company has entered into facilities with third-party banks/credit providers in which the Company has sold qualifying trade debtors on a non-recourse basis. Under the terms of these agreements, the Company transferred substantially all the credit risks and control of the receivables. All factoring facilities have been cancelled during 2021. No trade receivables have been derecognized at the period end (December 31, 2020:€ nil). Liabilities related to contracts with customers The Company has recognized the following liabilities related to contracts with customers:
| December 31, 2021 |  | December 31, 2020
| €m |  | €m
Trade terms liabilities reported within trade receivables | (189.9) |  |  | (200.5) |
Trade terms liabilities reported within trade and other payables (Note 22) | (93.8) |  |  | (89.7) |
Total trade terms liabilities | (283.7) |  |  | (290.2) |
Significant changes to trade terms No significant changes to trade terms occurred in the year ended December 31, 2021. Revenue recognized in relation to trade terms Trade terms relate to sales made with variable consideration and are an estimate as disclosed in Note 4(a). Revenue recognized in the year ended December 31, 2021 relating to performance obligations that were satisfied in the prior year was €18.9 million (2020: €18.0 million).

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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