14. TRADE AND OTHER RECEIVABLES

Trade and other receivables at 31 December 2014 and 2013 are made up as follows:

'14

2013

Current

Non-
current

Total

Current Non-current Total
Trade receivables

326,935

155

327,090

488,794 155 488,949
Impairment of trade receivables

(844)

-

(844)

(822) - (822)
Trade receivables net

326,090

155

326,246

487,972 155 488,127
Tariff deviations

120,538

86,027

206,565

74,631 81,432 156,063
State and Other Public Entities

13,157

-

13,157

3,320 - 3,320
Trade and other receivables

459,785

86,182

545,967

565,923 81,588 647,510

The most significant amount included in trade receivables caption is the receivable from EDP – Distribuição de Energia, SA in the amount of 216,736 thousand Euros (398,712 thousand Euros at 31 December 2013) and Galp in the amount of 19,304 thousand Euros (20,216 thousand Euros at 31 December 2013).

The receivable from EDP - Distribuição de Energia, SA includes the billing related to CMEC in the amount of 128,676 thousand Euros (299,917 thousand Euros as of 31 December 2013), which are also reflected in the “Trade and other payables” caption (Note 23) due to EDP Gestão da Produção de Energia, S.A. invoicing. This transaction consists in a pass-through, being off set in the Group consolidated financial statement of profit and loss.

Changes to the impairment losses for trade receivable and other accounts receivable are made up as follows:

'14

2013

Begining balance

(822)

(6,118)

Increases

(22)

-
Reversing

-

5,296
Ending balance

(844)

(822)

During the year ended 31 December 2013, Group REN reversed the impairment loss related to the tariff deficit interests recorded in the period of 2008, in the amount of 5,296 thousand Euros, due to the commitment of the Portuguese Estate for the liquidation the above mentioned receivable. REN Group received this amount on 3 January 2014.

The ageing of trade receivables, net of impairment, is as follows:

Ageing of receivables

'14

'13

30 days or less

319,478

484,051
31-60 days

553

1,099
61-90 days

2,797

212
91-120 days

370

79
More than 120 days

3,047

2,686

326,246

488,127