8. Debtors
As at 31 December 2015
| (CZK’000) | Receivables from policy holders | Receivables from insurance brokers | Reinsurance receivables | Other receivables | Total |
|---|---|---|---|---|---|
| Current | 65,625 | 24,894 | 568,741 | 112,841 | 772,101 |
| Overdue | 490,683 | 108,473 | — | 42,170 | 641,326 |
| Total | 556,308 | 133,367 | 568,741 | 155,011 | 1,413,427 |
| Allowance against overdue receivables | 305,191 | 110,251 | — | 41,205 | 456,647 |
| Total receivables, net | 251,117 | 23,116 | 568,741 | 113,806 | 956,780 |
As at 31 December 2014
| (CZK’000) | Receivables from policy holders | Receivables from insurance brokers | Reinsurance receivables | Other receivables | Total |
|---|---|---|---|---|---|
| Current | 47,942 | 33,706 | 450,229 | 202,084 | 733,961 |
| Overdue | 564,000 | 112,441 | — | 44,675 | 721,116 |
| Total | 611,942 | 146,147 | 450,229 | 246,759 | 1,455,077 |
| Allowance against overdue receivables | 372,112 | 114,732 | — | 44,920 | 531,764 |
| Total receivables, net | 239,830 | 31,415 | 450,229 | 201,839 | 923,313 |
Unpaid receivables are not secured. Receivables against related parties are disclosed in Note 21.
Other receivables as at 31 December 2015 include the advance of EUR 1.5 million provided in 2007 for a purchase of a special purpose entity (Note 22.3). To this advance was created an allowance in line with prudence principle. Other current receivables as at 31 December 2015 include mostly provided operational advances of CZK 65.5 million.
Changes in bad debt allowance may be analyzed as follows:
| (CZK’000) | 2015 | 2014 |
|---|---|---|
| Opening balance as at 1 January | 531,764 | 623,865 |
| Creation of allowances (Note 19) | 416,313 | 485,683 |
| Release of allowances (Note 19) | (440,118) | (559,588) |
| Use of allowances (Note 19) | (51,312) | (18,196) |
| Closing balance as at 31 December | 456,647 | 531,764 |
All receivables are short term.