21 Trade receivables
(XLS:)
 Download |
€ million |
Dec. 31, 2018 |
Dec. 31, 2017 |
||
|---|---|---|---|---|
|
|
|
||
Trade receivables from |
|
|
||
third parties |
13,356 |
9,667 |
||
unconsolidated subsidiaries |
206 |
220 |
||
joint ventures |
3,958 |
3,341 |
||
associates |
51 |
44 |
||
other investees and investors |
317 |
86 |
||
|
17,888 |
13,357 |
The fair values of the trade receivables correspond to the carrying amounts.
In connection with the revised classification of financial instruments required by IFRS 9, receivables from dealer financing of €2.9 billion were reclassified to trade receivables as of January 1, 2018.
The trade receivables include contingent receivables from long-term construction contracts recognized using the percentage of completion (PoC) method. They correspond to the contract assets recognized under contracts with customers; they changed as follows:
| (XLS:)
Download |
€ million |
2018 |
|
|---|---|---|
|
|
|
Contingent construction contract receivables Balance at Jan. 1 |
338 |
|
Additions and disposals |
4 |
|
Changes in consolidated Group |
– |
|
Change in loss allowances |
10 |
|
Changes in estimates and assumptions as well as contract modifications |
– |
|
Foreign exchange differences |
0 |
|
Contingent construction contract receivables at Dec. 31 |
352 |