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Trade receivables | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Trade receivables |
14 | Trade receivables
Trade receivables are analysed as follows:
|  | 31/12/18 |  |  | 31/12/17 |  |  | 01/01/17 |
Domestic customers |  |  | 20,247 |  |  |  | 22,399 |  |  |  | 22,332 |
European Customers |  |  | 7,815 |  |  |  | 9,232 |  |  |  | 12,652 |
Chinese customers |  |  | 7,233 |  |  |  | 618 |  |  |  | 374 |
North American customers |  |  | 3,573 |  |  |  | 4,374 |  |  |  | 2,562 |
Other foreign customers |  |  | 11,726 |  |  |  | 11,701 |  |  |  | 11,762 |
Total trade receivables |  |  | 50,594 |  |  |  | 48,324 |  |  |  | 49,682 |
Allowance for doubtful accounts |  |  | (9,627 | ) |  |  | (10,775 | ) |  |  | (9,544 | )
Total trade receivables |  |  | 40,967 |  |  |  | 37,549 |  |  |  | 40,138 |
Trade receivables are due primarily from major retailers who sell directly to end customers. Trade receivables due from related parties amount to 9,333 as at December 31, 2018 (1,407 as at December 31, 2017 and 1,589 as at January 1, 2017). Transactions with related parties were conducted at arm’s length (see note 41). As at December 31, 2018 and 2017 and for each year of the two-year period ended December 31, 2018, the Company had customers who exceeded 5% of trade receivables as follows:
Trade receivables |  | No. of customers |  | % of trade receivables
2018 |  | 2 |  | 21%
2017 |  | 3 |  | 18%
In 2018 and 2017 no customer has exceeded 5% of revenue. The Company insures the collections risk related to a significant portion of its trade receivables with a third party insurer. The Company estimates an allowance for doubtful accounts based on the insurance in place, the credit worthiness of its customers, historical trends, as well as general economic conditions. The following table provides the movements in the allowance for doubtful accounts.
|  | 31/12/18 |  |  | 31/12/17 |
Balance, beginning of year |  |  | 10,775 |  |  |  | 9,544 |
Effect of the adoption of IFRS 9 (see note 5) |  |  | 37 |  |  |  | — |
Charges – bad debt expense |  |  | 745 |  |  |  | 1,475 |
Reductions – write off of uncollectible amounts |  |  | (1,930 | ) |  |  | (244 | )
Balance, end of year |  |  | 9,627 |  |  |  | 10,775 |
Trade receivables denominated in foreign currencies as at December 31, 2018, 2017 and January 1, 2017 totaled 26,490, 16,991 and 18,145, respectively. These receivables consist of the following:
|  | 31/12/18 |  |  | 31/12/17 |  |  | 01/01/17 |
Chinese Yuan |  |  | 7,233 |  |  |  | 618 |  |  |  | 374 |
Brasilian Reais |  |  | 5,893 |  |  |  | 4,620 |  |  |  | 4,461 |
British pounds |  |  | 2,823 |  |  |  | 3,215 |  |  |  | 5,298 |
U.S. dollars |  |  | 2,183 |  |  |  | 3,736 |  |  |  | 5,694 |
Canadian dollars |  |  | 2,124 |  |  |  | 2,232 |  |  |  | 466 |
Other currencies |  |  | 6,234 |  |  |  | 2,570 |  |  |  | 1,852 |
Balance, end of year |  |  | 26,490 |  |  |  | 16,991 |  |  |  | 18,145 |

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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 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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