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Note 17 - Trade Receivables, Net

12 Months Ended

Dec. 31, 2019

Statement Line Items [Line Items]

Disclosure of trade and other receivables [text block]

17

Trade receivables, net

		Year ended December 31,
		2019				2018
Current accounts			1,387,494				1,778,796
Receivables from related parties			9,448				25,105
			1,396,942				1,803,901
Allowance for doubtful accounts (see Note 23 (i))			(48,782	)			(66,535	)
			1,348,160				1,737,366

The following table sets forth details of the aging of trade receivables:

											Past due
			Trade Receivables				Not Due				1 - 180 days				>180 days
At December 31, 2019
Guaranteed			234,427				205,764				26,899				1,764
Not guaranteed			1,162,515				948,449				157,960				56,106
Guaranteed and not guaranteed			1,396,942				1,154,213				184,859				57,870
Expected loss rate			0.09	%			0.04	%			0.24	%			0.57	%
Allowances for doubtful accounts			(1,294	)			(529	)			(455	)			(310	)
Nominative allowances for doubtful accounts			(47,488	)			-				(1,922	)			(45,566	)
Net Value			1,348,160				1,153,684				182,482				11,994

											Past due
			Trade Receivables				Not Due				1 - 180 days				>180 days
At December 31, 2018
Guaranteed			286,250				254,743				30,884				623
Not guaranteed			1,517,651				1,180,788				260,675				76,188
Guaranteed and not guaranteed			1,803,901				1,435,531				291,559				76,811
Expected loss rate			0.07	%			0.04	%			0.17	%			0.43	%
Allowances for doubtful accounts			(1,396	)			(564	)			(510	)			(322	)
Nominative allowances for doubtful accounts			(65,139	)			-				(1,436	)			(63,703	)
Net Value			1,737,366				1,434,967				289,613				12,786

Trade receivables are mainly denominated in

U.S. dollars.