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XYZ Natural Gas is the private natural gas distribution company serving the widest geographic area in Turkey with 21 distribution licenses, distributing 8.9 billion m3

XYZ Natural Gas is the private natural gas distribution company serving the widest geographic area in Turkey with 21 distribution licenses, distributing 8.9 billion m3 natural gas over a network length of 24,421 km, with a market share of 20.5%. XYZ Natural Gas, operates in 27 cities, 167 districts and villages. There is the monopoly status of BOTA in the supply of natural gas and dependence on imported gas. Using the information given below, there is an increase in the company's trade recivables which increases the liquidity risk.

At 31 December 2017 and 2016, trade receivables to third parties comprised the following:

31 December 2017

31 December 2016

Trade receivables

677,158,715

222,049,699

Receivables from sale of subsidiary (*)

81,434,843

--

Doubtful receivables

9,233,263

25,744,460

Allowance for doubtful receivables (-)

(9,233,263)

(25,744,460)

Unearned credit finance charges (-)

(2,549,317)

(2,931,279)

Income accruals

--

175,779

Other receivables

3,518,851

402,746

Total

759,563,092

219,696,945

true or false?

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