Trade and other receivables

3 Months Ended

Mar. 31, 2022

Trade and other receivables [Abstract]

Trade and other receivables

Note 12. - Trade and other receivables

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

	Balance as of March 31,		Balance as of December 31,
	2022		2021
	($ in thousands)
Trade receivables		221,425		227,343
Tax receivables		50,596		59,350
Prepayments		24,212		9,342
Other accounts receivable		5,478		11,108
Total		301,711		307,143

The increase in prepayments is primarily due to the timing of insurance payments.

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