Trade and other receivables

12 Months Ended

Dec. 31, 2023

19. Trade and other receivables



Million US dollar	31 December 2023		31 December 2022

Cash deposits for guarantees		164		189
Loans to customers		2		10
Tax receivable, other than income tax		154		137
Brazilian tax credits and interest receivables		1 341		1 149
Trade and other receivables		280		298
Non-current trade and other receivables		1 941		1 782

Trade receivables and accrued income		4 347		3 637
Interest receivables		45		67
Tax receivable, other than income tax		479		444
Loans to customers		70		71
Prepaid expenses		474		410
Other receivables		609		702
Current trade and other receivables		6 024		5 330

Ambev’s tax credits and interest receivables are expected to be collected over a period exceeding 12 months after the reporting date. As of 31 December 2023, the total amount of such credits and interest receivables represented 1 341m US dollar (31 December 2022: 1 149m US dollar).

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 31 December 2023 and 31 December 2022 respectively:



	Net carrying amount as of		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				Less than 30 days		Between 30 and 59 days		Between 60 and 89 days		More than 90 days
.
Trade receivables and accrued income		4 347		4 118		162		43		18		6
Loans to customers		72		51		9		12		-		-
Interest receivables		45		45		-		-		-		-
Other receivables		609		580		9		7		11		2
		5 073		4 794		180		62		29		8



	Net carrying amount as of		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				Less than 30 days		Between 30 and 59 days		Between 60 and 89 days		More than 90 days


Trade receivables and accrued income		3 637		3 418		151		41		24		4
Loans to customers		81		78		1		1		1		-
Interest receivables		67		67		-		-		-		-
Other receivables		702		684		11		4		3		-
		4 487		4 247		162		46		28		4

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 year ended 31 December 2023 amount to 47m US dollar (31 December 2022: 38m US dollar).

AB InBev’s exposure to credit, currency and interest rate risks is disclosed in Note 27

Risks arising from financial instruments