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FREIGHT RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2019

FREIGHT RECEIVABLES

Schedule of individually determined to be impaired to a value


USDm		2019		2018		2017
Analysis as of 31 December of freight receivables:
Gross freight receivables:
Not yet due		39.8		44.0		25.5
Due < 30 days		22.5		18.8		26.0
Due between 30 and 180 days		25.3		20.5		18.4
Due > 180 days		6.0		4.4		2.7
Total gross		93.6		87.7		72.6
Allowance for expected credit loss		3.7		1.7		1.3
Total net		89.9		86.0		71.3

Schedule of movement in provisions for impairment of freight receivables


USDm		2019		2018		2017
Allowance for expected credit loss
Balance as of 1 January		1.7		1.3		2.6
Adjustment to prior years		1.5		—		—
Provisions for the year		2.4		1.7		0.6
Provisions reversed during the year		(1.9)		(1.0)		(1.9)
Provisions utilized during the year		—		(0.3)		—
Balance as of 31 December		3.7		1.7		1.3