Allego N.V. Registration statement for securities of certain foreign private issuers

Registration statement for securities of certain foreign private issuers

Trade and other receivables

Trade and other receivables

12 Months Ended

Dec. 31, 2021

19.	Trade and other receivables


(in €‘000)	December 31, 2021			December 31, 2020
Trade receivables – gross		39,563			23,193
Loss allowance		(1	)		(2	)
Trade receivables – net		39,562			23,191
VAT receivables		1,015			709
Other receivables		232			95
Receivables from related parties		142			8
Government grants receivables		1,126			1,073
Total		42,077			25,076

The aging of the Group’s trade receivables and contract assets at the reporting date for all periods presented is disclosed in Note 30.

The movements in the loss allowance for the years ended December 31, 2021 and 2020 have been as follows:


	Trade receivables					Contract assets
(in €‘000)	2021			2020		2021		2020
Opening balance loss allowance at the beginning of the year		2			1		—		—
Additions to bad debt allowance		—			1		—		—
Receivables written off during the year as uncollectible		—			—		—		—
Unused amount reversed during the year		(1	)		—		—		—
Closing balance loss allowance at the end of the year		1			2		—		—

Impairment losses on trade receivables and contract assets are recorded in other costs, within general and administrative expenses in the consolidated statement of profit or loss. Subsequent recoveries of amounts previously written off are credited against the same line item.

Details about the Group’s exposure to credit risk is included in Note 30.