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Trade Receivables and Other Assets
9 Months Ended
Sep. 30, 2021
Trade Receivables and Other Assets  
Trade Receivables and Other Assets

7Trade Receivables and Other Assets

​

​

​

​

​

​

in EUR k

    

Sep 30, 2021

​

Dec 31, 2020

Non‑current

 

  

​

  

Other assets - Rental deposits

 

2,923

​

1,867

Other assets – Others

​

50

​

100

​

 

2,973

​

1,967

Current

 

​

​

​

Trade receivables, net

 

10,993

​

25,656

Contract assets, net

 

2,914

​

3,543

Other assets

 

5,848

​

8,286

​

 

19,755

​

37,485

Total non-current and current trade receivables and other assets

​

22,728

​

39,452

​

Other Non-Current Assets

The non-current portion of other assets mainly include cash deposits of EUR 2,250k used to secure a bank guarantee of EUR 3,000k relating to the leases of the Rostock headquarters building, cash deposits of EUR 192k, used to secure a bank guarantee of EUR 257k, relating to the leases of the Berlin office and EUR 285k for the leases of certain plant and machineries. It also includes the non-current part of the consideration receivable for the sale of LPC for EUR 50k (see note 6.2).

Trade Receivables and Contract Assets

Trade receivables are non-interest bearing and are generally due in 30 to 90 days. In general, portfolio-based expected credit loss allowances are recognized on trade receivables and contract assets.

​

​

​

​

​

​

​

in EUR k

​

Sep 30, 2021

    

Dec 31, 2020

 

Not past due

​

9,265

 

24,185

​

Past due 1-30 days

​

1,749

 

2,228

​

Past due 31-90 days

​

1,759

 

797

​

Past due more than 90 days

​

7,007

 

6,757

​

Total gross amount of trade receivables and contract assets

​

19,780

 

33,967

​

​

​

​

​

​

​

Expected credit loss rate

​

​

 

  

​

Not past due

​

1.3

%  

1.6

%

Past due 1-30 days

​

7.0

%  

3.1

%

Past due 31-90 days

​

11.5

%  

7.7

%

Past due more than 90 days

​

79.5

%  

63.0

%

Expected credit loss rate on total gross trade receivables and contract assets

​

29.7

%  

14.0

%

​

​

​

​

​

​

Expected credit loss

​

5,873

 

4,768

​

​

The addition to the allowance for expected credit losses amounts to EUR 502k and EUR 1,177k for the three and nine months ended September 30, 2021, respectively, which was included in the impairment of financial assets in the profit and loss account (the three and nine months ended September 30, 2020: EUR 1,147k and EUR 2,821k).

Other Current Assets

The current assets include EUR 129k VAT receivables (December 31, 2020: EUR 226k), prepaid expenses of EUR 2,373k (December 31, 2020: EUR 4,431k), receivables related to exercised share-based payment grants of EUR 349k (December 31, 2020: EUR 1,253k receivables), receivables related to COVID-19 bank or credit card transactions of EUR 424 (December 31, 2020: EUR 1,076k), as well as receivables from grants of EUR 1,462k (December 31, 2020: EUR 442k).