17. Trade and other receivables
(in thousands of euros) | 2018 | 2017 |
---|---|---|
Cash deposits | 264,945 | 190,000 |
Trade receivables | 125,040 | 120,336 |
Value-added taxes | 24,625 | 7,927 |
Accrued income | 15,321 | 16,921 |
Prepaid expenses | 13,754 | 16,114 |
Receivable from associates | 5,415 | 22,449 |
Other loans to associates | 601 | 4,019 |
Lease incentives | 3,600 | 4,860 |
Derivatives | 2,125 | 2,481 |
Inventories | 595 | 2,250 |
Performance shares BACH | - | 12,169 |
Other receivables | 4,552 | 27,151 |
Total trade and other receivables | 460,573 | 426,678 |
The balance in cash deposits as at 31 December 2018 related to deposits whose original maturity exceeds three months. The average interest rate on the deposits reported under trade and other receivables as at 31 December 2018 is -0.30% (31 December 2017: -0.34%).
The balance in receivable from associates as at 31 December 2018 of 5.4 million euros is related to accumulated dividends on the BACH redeemable preference shares (RPS). The 2017 RPS amount, as well as the receivable from BACH performance shares of 12.2 million euros, were both received in cash in June 2018.
The balance in trade receivables includes expected credit losses of 3 million euros (31 December 2017: 4 million euros). For a more detailed explanation, please refer to note 29. Management of financial risks and financial instruments.
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