Trade receivables are amounts from customers for services performed in the ordinary course of business. Invoices are usually settled within 30 days from issuance, however some contracts may comprise long term payments.

Trade receivables are recognized initially at the transaction price unless they contain significant financing components when they are recognized at fair value. The Group holds the trade receivables to collect the contractual cash flows and, therefore, measures them at amortized cost using the effective interest method.

Due to the maturity and nature of the trade receivables, their carrying amount is considered to be the same as their fair value.

Details about the Group’s impairment policies, exposure to credit risk, and foreign currency risk are provided in note 26.


	December 31, 2021			December 31, 2020
Trade receivables		41,972			25,140
Loss allowances		(1,147	)		(649	)

		40,825			24,491

Current		34,682			24,491
Non-current		6,143			—

The changes in loss allowances for trade receivables are as follows:


	2021			2020
At January 1		(649	)		(1,167	)
Addition, net		(887	)		(972	)
Addition from acquisition of subsidiaries		(100	)		—
Write-off		429			1,056
Exchange-rate change		60			434

At December 31		(1,147	)		(649	)

Details about the calculation of the loss allowance are provided in note 26.2(a)(iii).

Trade receivables by maturity are distributed as follows:


	December 31, 2021		December 31, 2020
Current		38,456		22,019
Overdue between:
From 1 to 30 days		1,251		1,578
From 31 to 60 days		847		537
From 61 to 90 days		439		293
From 91 to 120 days		113		245
From 121 to 300 days		866		468

Total		41,972		25,140