16 | Receivables
| in TUSD | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|
| Receivables from the sale of rights | ||
| Due from third parties | 363,891 | 393,855 |
| Provision for bad debts | -7,260 | -16,505 |
| Total receivables from the sale of rights | 356,631 | 377,350 |
| Other receivables | ||
| Due from member associations and confederations | 17,295 | 14,612 |
| Due from related parties | 3 | 20 |
| Due from third parties | 25,133 | 25,498 |
| Provision for bad debts | -77 | -77 |
| Total other receivables | 42,354 | 40,053 |
| Total receivables, net | 398,985 | 417,403 |
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 | 2021 | 2020 |
|---|---|---|
| Balance as at 1 January | 16,581 | 16,147 |
| Use/release | -9,411 | -338 |
| Additions | 186 | 759 |
| Foreign exchange effect | -19 | 13 |
| Balance as at 31 December | 7,337 | 16,581 |
Additions to bad debt provisions are related to an impairment of overdue trade receivables from contracts with customers.
Ageing analysis of receivables
| in TUSD | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|
| Not due | 365,779 | 238,447 |
| Overdue – less than 30 days | 17,412 | 22,752 |
| Overdue – less than 60 days | 977 | 127 |
| Overdue – more than 60 days | 22,154 | 172,658 |
| Total receivables | 406,322 | 433,984 |
