Trade receivables

12 Months Ended

Dec. 31, 2021

Trade receivables.

Disclosure of Trade receivables [text block]

Note 24     Trade receivables

Amounts in US$ '000	2021	2020
Trade receivables	70,531	46,918
	70,531	46,918

As of December 31, 2021 and 2020, 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.