16 | Receivables
| in TUSD | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|
| Receivables from the sale of rights | ||
| Due from third parties | 127,789 | 363,891 |
| Provision for bad debts | -9,684 | -7,260 |
| Total receivables from the sale of rights | 118,105 | 356,631 |
| Other receivables | ||
| Due from member associations and confederations | 11,669 | 17,295 |
| Due from related parties | 0 | 3 |
| Due from third parties | 228,160 | 25,133 |
| Provision for bad debts | -84 | -77 |
| Total other receivables | 239,745 | 42,354 |
| Total receivables, net | 357,850 | 398,985 |
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 | 2022 | 2021 |
|---|---|---|
| Balance as at 1 January | 7,337 | 16,581 |
| Use/release | -315 | -9,411 |
| Additions | 2,762 | 186 |
| Foreign exchange effect | -16 | -19 |
| Balance as at 31 December | 9,768 | 7,337 |
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 2022 | 31 Dec 2021 |
|---|---|---|
| Not due | 333,821 | 365,779 |
| Overdue – less than 30 days | 7,196 | 17,412 |
| Overdue – less than 60 days | 14,391 | 977 |
| Overdue – more than 60 days | 12,210 | 22,154 |
| Total receivables | 367,618 | 406,322 |