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3.6 Trade and other current receivables
Accounting policies
Trade receivables are recognised in the amounts of initial sale. Impairment is recognised when there is objective evidence of impairment loss. The Group has established uniform principles for the determination of impairment of trade receivables based on the time receivables have been overdue. In addition, impairment is recognised if there is other evidence of a debtor's insolvency, bankruptcy or liquidation. Impairment is recognised as an expense in other operating expenses. If an amount previously written off is subsequently settled, it is recognised as a reduction of other operating expenses.
€ million 2017 2016
Interest-bearing receivables
Finance lease receivables - 0.3
Interest-bearing loans and receivables 1.5 3.4
Total interest-bearing receivables 1.5 3.7
Trade receivables 836.0 831.2
Income tax assets 11.1 21.2
Other non-interest-bearing receivables
Non-interest-bearing loans and receivables 21.8 24.5
Prepaid expenses 174.5 174.1
Total other non-interest-bearing receivables 196.4 198.6
Total 1,045.0 1,054.6
A total amount of €5.2 million (€6.7 million) of trade receivables has been recognised within credit losses in the income statement. The credit risk is described in more detail in note 4.3.
Prepaid expenses mainly comprise allocations of purchases.
The fair values of current trade and loan receivables, and those of current interest-bearing receivables are estimated to equal the carrying amounts due to their short maturities.