Trade receivables

12 Months Ended

Dec. 31, 2019

Disclosure of Trade receivables [text block]

Note 24 Trade receivables


Amounts in US$ '000	2019	2018
Trade receivables	44,178	16,215
Total	44,178	16,215

As of December 31, 2019 and 2018, there are no balances that were aged by more than 3 months . Trade receivables that are aged by less than three months are not considered impaired.

The credit period for trade receivables is 30 days. The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivable. The Group does not hold any collateral as security related to trade receivables.

The carrying value of trade receivables is considered to represent a reasonable approximation of its fair value due to their short-term nature.