| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Gross value | Gross value 31.12.20224,792.3 |
Gross value 31.12.20214,069.7 |
Gross value 31.12.20203,565.4 |
| Valuation allowance | Valuation allowance 31.12.202236.8 |
Valuation allowance 31.12.202148.7 |
Valuation allowance 31.12.202054.1 |
| NET VALUE | NET VALUE31.12.20224,755.5 | NET VALUE31.12.20214,021.0 | NET VALUE31.12.20203,511.3 |
Trade accounts receivable are due within one year. The impairment of trade accounts receivable reflects the level of expected losses on the customer portfolio from the outset of the receivable. Moreover, except when local conditions do not allow it, the Group has insurance cover for the subsidiaries.
The non-collection risk on trade accounts receivables is therefore minimised, and this is reflected in the level of the allowance, which is less than 2% of gross receivables at the end of 2022.
| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Tax and employee-related receivables (excluding income tax) | Tax and employee-relatedreceivables (excluding income tax) 31.12.2022831.6 |
Tax and employee-relatedreceivables (excluding income tax) 31.12.2021707.9 |
Tax and employee-relatedreceivables (excluding income tax) 31.12.2020639.0 |
| Prepaid expenses | Prepaid expenses 31.12.2022617.3 |
Prepaid expenses 31.12.2021503.6 |
Prepaid expenses 31.12.2020452.2 |
| Derivatives | Derivatives 31.12.2022260.9 |
Derivatives 31.12.202167.6 |
Derivatives 31.12.2020183.0 |
| Current financial assets | Current financial assets 31.12.202223.1 |
Current financial assets 31.12.20214.8 |
Current financial assets 31.12.20206.7 |
| Other current assets(1) | Other current assets (1)31.12.2022690.2 |
Other current assets (1)31.12.2021753.9 |
Other current assets (1)31.12.2020451.8 |
| TOTAL | TOTAL31.12.20222,423.2 | TOTAL31.12.20212,037.9 | TOTAL31.12.20201,732.7 |
(1) These mainly include year-end rebates for €178.8 million and advances and down-payments on purchase orders for €201.1 million.
| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Tax and employee-related payables (excluding income tax) | Tax and employee-relatedpayables (excluding income tax) 31.12.20221,853.2 |
Tax and employee-relatedpayables (excluding income tax) 31.12.20211,628.3 |
Tax and employee-relatedpayables (excluding income tax) 31.12.20201,533.8 |
| Credit balances on trade receivables | Credit balances on trade receivables 31.12.20221,651.2 |
Credit balances on trade receivables 31.12.20211,326.4 |
Credit balances on trade receivables 31.12.20201,244.5 |
| Fixed assets payables | Fixed assets payables 31.12.2022418.0 |
Fixed assets payables 31.12.2021386.6 |
Fixed assets payables 31.12.2020385.1 |
| Derivatives | Derivatives 31.12.2022170.6 |
Derivatives 31.12.2021240.4 |
Derivatives 31.12.202094.9 |
| Other current liabilities(1) | Other current liabilities (1)31.12.2022391.5 |
Other current liabilities (1)31.12.2021399.1 |
Other current liabilities (1)31.12.2020424.3 |
| TOTAL | TOTAL31.12.20224,484.6 | TOTAL31.12.20213,980.8 | TOTAL31.12.20203,682.5 |
(1) These mainly include prepaid income for €135.4 and other payables for €178.1 million.
This caption is broken down as follows:
| € millions | 2022 | 2021 | 2020 |
|---|---|---|---|
| Inventories | Inventories 2022-865.4 |
Inventories 2021-373.3 |
Inventories 2020101.9 |
| Trade accounts receivable | Trade accounts receivable 2022-717.6 |
Trade accounts receivable 2021-407.1 |
Trade accounts receivable 2020315.3 |
| Trade accounts payable | Trade accounts payable 2022247.9 |
Trade accounts payable 20211,086.8 |
Trade accounts payable 2020345.3 |
| Other receivables and payables | Other receivables and payables 2022323.8 |
Other receivables and payables 2021-218.5 |
Other receivables and payables 2020-33.3 |
| TOTAL | TOTAL2022-1,011.3 | TOTAL202188.0 | TOTAL2020729.2 |
