Trade and other receivables

12 Months Ended

Dec. 31, 2022

Trade and other receivables [Abstract]

Note 11.- Trade and other receivables

Trade and other receivable as of December 31, 2022 and 2021, consist of the following:

	Balance as of December 31,
	2022		2021
Trade receivables		125,437		227,343
Tax receivables		45,680		59,350
Prepayments		11,827		9,342
Other accounts receivable		17,390		11,108
Total		200,334		307,143

The decrease in trade receivables is primarily due to payments received from the Spanish state-owned regulator, Comision Nacional de los Mercados y de la Competencia or “CNMC”, in the solar assets of the Company in Spain and from Pemex in ACT. In Spain, the assets of the Company have collected revenue in 2022 in line with the parameters corresponding to the regulation in place at the beginning of the year, as the new parameters became final on December 14, 2022, while revenue was recorded in accordance with these new parameters (Note 1). The amounts collected “in excess” in 2022 have started to be regularized in 2023.

As of December 31, 2022, and 2021, the fair value of trade and other accounts receivable does not differ significantly from its carrying value.

Trade receivables in foreign currency as of December 31, 2022 and 2021, are as follows:

	Balance as of December 31,
	2022		2021
Euro		4,088		65,854
South African Rand		23,416		24,513
Chilean peso		5,037		3,386
Other		3,974		9,944
Total		36,515		103,697

The decrease in trade receivables in Euro as of December 31, 2022 is primarily due to the improvement in the collection of receivables from the CNMC.