Notes

17. Receivables

in TUSD
31 Dec 2023
31 Dec 2022
Receivables from the sale of rights
Due from third parties114,746127,789
Provision for bad debts-34,922-9,684
Total receivables from the sale of rights79,824118,105
Other receivables
Due from member associations and confederations33,74211,669
Due from third parties107,659228,160
Provision for bad debts-279-84
Total other receivables141,122239,745
Total receivables, net220,946357,850

The majority of the open receivables from the sale of rights relate to contractual payments from broadcasters and sponsors. FIFA receives payments from customers based on a billing schedule, as established in the contracts with customers. Account receivables are unconditional, as the instalments are non-cancellable and non-refundable once received.

Provisions for bad debts
in TUSD
2023
2022
Balance as at 1 January9,7687,337
Use/release-8,273-315
Additions33,7022,762
Foreign exchange effect4-16
Balance as at 31 December35,2019,768

Additions to bad debt provisions are related to an impairment of overdue trade receivables from contracts with customers, also refer to Note 13 – Expected credit losses of receivables and contract assets.

Ageing analysis of receivables
in TUSD
31 Dec 2023
31 Dec 2022
Not due198,573333,821
Overdue – less than 30 days6,0367,196
Overdue – less than 60 days11,19014,391
Overdue – more than 60 days40,34812,210
Total receivables256,147367,618

More

16. Cash and cash equivalents

18. Prepaid expenses and accrued income