[26] Trade receivables

The trade receivables break down as follows: > TABLE 074

Trade receivables

 

074

in € million

2016

2015

Receivables from third parties

863.6

631.8

thereof receivables from third parties before valuation allowances

904.0

670.3

thereof valuation allowances for overdue receivables > 90 days ≤ 180 days

–4.8

–6.5

thereof valuation allowances for overdue receivables > 180 days

–24.7

–22.1

thereof other valuation allowances for receivables

–11.0

–9.9

Trade receivables from non-consolidated subsidiaries

13.2

16.2

Trade receivables from equity-accounted investments and other investments

19.1

20.9

Construction contracts with a net credit balance due from customers

103.1

1.5

Total trade receivables

998.9

670.5

Valuation allowances of €40.4 million (31 December 2015: €38.5 million) were recognised for trade receivables.

The breakdown of construction contracts that had not been completed by the reporting date is presented in > TABLE 075. Construction contracts with a net credit balance due from customers are included in trade receivables (see disclosures in this note). Construction contracts with a net debit balance due to customers are reported under other current liabilities (see note [35]). Advances received in respect of construction contracts for which no work had yet been carried out amounted to €28.3 million as at 31 December 2016 (31 December 2015: €0.0 million). Customer retentions relating to construction contracts came to €0.6 million (31 December 2015: €0.0 million).

Construction contracts

 

075

in € million

2016

2015

Contract costs incurred and

 

 

recognised profits (less recognised losses)

2,247.8

71.8

less progress billings

–2,445.4

–80.2

Total

–197.6

–8.3

thereof gross amount due from customers for contract work

103.1

1.5

thereof gross amount due to customers for contract work

–300.7

–9.9