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Trade and Other Current Receivables | 12 Months Ended
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Dec. 31, 2018
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Trade and Other Current Receivables | 13. TRADE AND OTHER CURRENT RECEIVABLES Trade and other current receivables are initially recognised at fair value plus any directly attributable transaction costs. Subsequently these assets are held at amortised cost, using the effective interest method and net of any impairment losses. We do not consider the fair values of trade and other current receivables to be significantly different from their carrying values. Concentrations of credit risk with respect to trade receivables are limited, due to the Group’s customer base being large and diverse. Our historical experience of collecting receivables, supported by the level of default, is that credit risk is low across territories and so trade receivables are considered to be a single class of financial assets. Impairment for trade receivables are calculated for specific receivables with known or anticipated issues affecting the likelihood of recovery and for balances past due with a probability of default based on historical data as well as relevant forward-looking information.
Trade and other current receivables |  | € million 2018 |  |  | € million 2017 |
Due within one year |  |  |  |  |  |  |  |
Trade receivables(a) |  |  | 4,350 |  |  |  | 3,439 |
Prepayments and accrued income |  |  | 693 |  |  |  | 452 |
Other receivables |  |  | 1,442 |  |  |  | 1,331 |
|  |  | 6,485 |  |  |  | 5,222 |
(a) | 2018 includes €677 million due from KKR as a result of an arrangement following the sale of the global spreads business (excluding Southern Africa). Unilever will provide services to KKR including IT infrastructure, bookkeeping, payroll, marketing and co-packing for up to two years from completion of the disposal and KKR pays Unilever for materials sourced on its behalf. See also trade payables on page 104.
Included within trade receivables are rebates payable to customers of €3,062 million (2017: €2,766 million). Other receivables comprise financial assets of €299 million (2017: €281 million), and non-financial assets of €1,142 million (2017: €1,050 million). Financial assets include supplier and customer deposits, employee advances and certain derivatives. Non-financial assets mainly consist of reclaimable sales tax.
Ageing of trade receivables |  | €million 2018 |  |  | € million 2017 |
Total trade receivables |  |  | 4,538 |  |  |  | 3,599 |
Less impairment provision for trade receivables |  |  | (188) |  |  |  | (160 | )
|  |  | 4,350 |  |  |  | 3,439 |
Of which: |  |  |  |  |  |  |  |
Not overdue |  |  | 3,440 |  |  |  | 2,714 |
Past due less than three months |  |  | 747 |  |  |  | 621 |
Past due more than three months but less than six months |  |  | 132 |  |  |  | 95 |
Past due more than six months but less than one year |  |  | 74 |  |  |  | 59 |
Past due more than one year |  |  | 145 |  |  |  | 110 |
Impairment provision for trade receivables |  |  | (188) |  |  |  | (160 | )
|  |  | 4,350 |  |  |  | 3,439 |
Impairment provision for total trade and other receivables |  | €million 2018 |  |  | € million 2017 |
1 January |  |  | 184 |  |  |  | 166 |
Charge to income statement |  |  | 65 |  |  |  | 51 |
Reduction/releases |  |  | (29 | ) |  |  | (21 | )
Currency translations |  |  | (6 | ) |  |  | (12 | )
31 December |  |  | 214 |  |  |  | 184 |
The total impairment provision includes €188 million (2017: €160 million) for current trade receivables, €13 million (2017: €10 million) for other current receivables and €13 million (2017: €14 million) for non-current trade and other receivables.

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