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Note 18 - Trade Receivables, Net

12 Months Ended

Dec. 31, 2022

18Trade receivables, net

	Year ended December 31,
	2022		2021
Current accounts	2,479,035		1,313,934
Receivables from related parties	60,400		32,258
	2,539,435		1,346,192
Allowance for doubtful accounts, see note 24 (i)	(45,495	)	(47,120	)
	2,493,940		1,299,072

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

At December 31, 2022	Trade Receivables		Not Due		Past due
	Trade Receivables		Not Due		1 - 180 days		> 180 days
Guaranteed	265,898		237,784		27,431		683
Not guaranteed	2,273,537		1,756,707		465,423		51,407
Guaranteed and not guaranteed	2,539,435		1,994,491		492,854		52,090
Expected loss rate	0.06	%	0.03	%	0.18	%	0.77	%
Allowances for doubtful accounts	(1,657	)	(654	)	(920	)	(83	)
Nominative allowances for doubtful accounts	(43,838	)	-		(1,541	)	(42,297	)
Net Value	2,493,940		1,993,837		490,393		9,710

At December 31, 2021	Trade Receivables		Not Due		Past due
	Trade Receivables		Not Due		1 - 180 days		> 180 days
Guaranteed	195,848		185,238		9,894		716
Not guaranteed	1,150,344		951,356		148,412		50,576
Guaranteed and not guaranteed	1,346,192		1,136,594		158,306		51,292
Expected loss rate	0.06	%	0.04	%	0.20	%	0.84	%
Allowances for doubtful accounts	(833	)	(401	)	(367	)	(65	)
Nominative allowances for doubtful accounts	(46,287	)	-		(1,391	)	(44,896	)
Net Value	1,299,072		1,136,193		156,548		6,331

Trade receivables are mainly denominated in U.S. dollars.