Short-term requirements:

During the year, trade receivables in the amount of ISK 6,575,352 were demonstrably lost. charged to the income statement and to a reduction in the relevant customers. The receivables key contains credit balances totaling ISK 26,673,237. Until now, the company's managing director has had the rule of entering a prudential write-down of 1.0% of the nominal value of trade receivables.

Last year, a significant comment was made by the company's auditor regarding the company's precautionary write-down. After reviewing the company's trade receivables, the result is the following:

The company has a trade receivable against customer A in the amount of ISK 68,503,864. and the managing director considers that there is no need to write down this claim separately (all the claim is within the deadline).

The company has a trade receivable against customer B in the amount of ISK 46,707,180. and the managing director believes that the claim needs to be written down by ISK 11,676,795.

The company has a trade receivable against customer C in the amount of ISK 77,845,300. and the managing director believes that the claim needs to be written down by ISK 38,922,650.

The company's other trade receivables are from smaller parties and there is an age analysis of them, unpaid ISK 88,743,641, 0 to 30 days arrears ISK 17,748,728, 31 to 90 days arrears ISK 8,874,364.

Based on the analysis of older years, it is estimated that the write-down of outstanding trade receivables must amount to 1.25%, the write-down of 0 to 30 days of arrears must amount to 5.00%, the write-down of 31 to 90 days of arrears must amount to 50.00% and older. it needs to amount to 75.00%.

Last year, the company did not take advantage of a 5% tax write-down on trade receivables but wants to do so this year.