21 Trade receivables

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€ million

 

Dec. 31, 2018

 

Dec. 31, 2017

 

 

 

 

 

Trade receivables from

 

 

 

 

third parties

 

13,356

 

9,667

unconsolidated subsidiaries

 

206

 

220

joint ventures

 

3,958

 

3,341

associates

 

51

 

44

other investees and investors

 

317

 

86

 

 

17,888

 

13,357

The fair values of the trade receivables correspond to the carrying amounts.

In connection with the revised classification of financial instruments required by IFRS 9, receivables from dealer financing of €2.9 billion were reclassified to trade receivables as of January 1, 2018.

The trade receivables include contingent receivables from long-term construction contracts recognized using the percentage of completion (PoC) method. They correspond to the contract assets recognized under contracts with customers; they changed as follows:

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€ million

 

2018

 

 

 

Contingent construction contract receivables Balance at Jan. 1

 

338

Additions and disposals

 

4

Changes in consolidated Group

 

Change in loss allowances

 

10

Changes in estimates and assumptions as well as contract modifications

 

Foreign exchange differences

 

0

Contingent construction contract receivables at Dec. 31

 

352