Trade and other receivables

6 Months Ended

Jun. 30, 2020

13.

Trade and other receivables

Non-current

trade and other receivables


Million US dollar	30 June 2020		31 December 2019
Cash deposits for guarantees		170		219
Loans to customers		30		58
Tax receivable, other than income tax		147		166
Trade and other receivables		303		363

		650		807

Current trade and other receivables


Million US dollar	30 June 2020		31 December 2019
Trade receivables and accrued income		3 465		4 046
Interest receivable		6		21
Tax receivable, other than income tax		618		821
Loans to customers		105		119
Prepaid expenses		420		563
Other receivables		663		616

		5 276		6 187

The carrying amount of trade and other receivables is a good approximation of their fair value as the impact of discounting is not significant

The ageing of the current trade receivables and accrued income, interest receivable, other receivables and current and

non-current

loans to customers can be detailed as follows for 2020 and 2019 respectively:


	Net carrying amount as of 30 June 2020		Of which: neither impaired nor past due on the reporting date		Of which not impaired as of the reporting date and past due
	Net carrying amount as of 30 June 2020				Less than 30 days		Between 30 and 59 days		Between 60 and 89 d ays		More than 90 days
Trade receivables and accrued income		3 465		3 156		93		64		75		77
Loans to customers		135		133		—		1		1		—
Interest receivable		6		6		—		—		—		—
Other receivables		966		938		1		18		3		6

		4 572		4 232		94		83		80		83


	Net carrying amount as of 31 December 2019		Of which: neither impaired nor past due on the reporting date		Of which not impaired as of the reporting date and past due
	Net carrying amount as of 31 December 2019				Less than 30 days		Between 30 and 59 days		Between 60 and 89 days		More than 90 days
Trade receivables and accrued income		4 046		3 690		261		44		44		7
Loans to customers		177		172		1		2		2		—
Interest receivable		21		21		—		—		—		—
Other receivables		979		945		9		16		5		4

		5 223		4 828		271		62		51		11

The above analysis of the age of financial assets that are past due as at the reporting date but not impaired also includes

non-current

loans to customers. Past due amounts were not impaired when collection is still considered likely, for instance because the amounts can be recovered from the tax authorities, AB InBev has sufficient collateral or the customer entered into a payment plan. Impairment losses on trade and other receivables recognized in the first six months of 2020 amount to 122m US dollar (30 June 2019: 25m US dollar). The impairment loss recognized in the first six months of 2020 includes AB InBev’s estimate of overdue receivables the company will not be able to collect from defaulting customers as a result of the

COVID-19

pandemic before year end 2020.

AB InBev’s exposure to credit, currency and interest rate risks is disclosed in Note 22

Risks arising from financial instruments