18. Trade and Other Receivables


	2017 €m		2016 €m
Current
Trade receivables		2,456		2,773
Amounts receivable in respect of construction contracts (i)		773		792
Total trade receivables, gross		3,229		3,565
Provision for impairment		(131)		(152)
Total trade receivables, net		3,098		3,413
Amounts receivable from equity accounted investments		8		9
Prepayments and other receivables		524		557
Total		3,630		3,979

Non-current
Other receivables		156		212

The carrying amounts of current and non-current trade and other receivables approximate their fair value largely due to the short-term maturities and nature of these instruments.

(i)

Includes unbilled revenue and retentions held by customers in respect of construction contracts at the balance sheet date amounting to €176 million and €154 million respectively (2016: €149 million and €167 million respectively).

Valuation and qualifying accounts (provision for impairment)

The movements in the provision for impairment of receivables during the financial year were as follows:


	2017 €m		2016 €m		2015 €m
At 1 January		152		161		106
Translation adjustment		(7)		(1)		5
Provided during year		32		43		40
Reclassified (as)/from held for sale		(6)		-		2
Disposed of during year		-		(1)		(4)
Written off during year		(36)		(43)		(36)
Arising on acquisition (note 31)		3		2		55
Recovered during year		(7)		(9)		(7)
At 31 December		131		152		161

Information in relation to the Group’s credit risk management is provided in note 22 to the financial statements.

Aged analysis

The aged analysis of trade receivables and amounts receivable in respect of construction contracts at the balance sheet date was as follows:


	2017 €m		2016 €m
Neither past due nor impaired		2,070		2,414
Past due but not impaired:
- less than 60 days		832		774
- 60 days or greater but less than 120 days		129		120
- 120 days or greater		67		105
Past due and impaired (partial or full provision)		131		152
Total		3,229		3,565

Trade receivables and amounts receivable in respect of construction contracts are in general receivable within 90 days of the balance sheet date.