The following table shows the period overdue of trade receivables invoiced over the last two financial years:
(in millions of euros) | 2020 | 2019 |
|---|---|---|
Amounts not yet due | Amounts not yet due 2020 6,815 | Amounts not yet due 2019 7,204 |
Overdue receivables: | Overdue receivables: 2020
| Overdue receivables: 2019
|
Up to 30 days | Up to 30 days 2020 238 | Up to 30 days 2019 397 |
31 to 60 days | 31 to 60 days 2020 73 | 31 to 60 days 2019 138 |
61 to 90 days | 61 to 90 days 2020 41 | 61 to 90 days 2019 64 |
91 to 120 days | 91 to 120 days 2020 24 | 91 to 120 days 2019 30 |
More than 120 days | More than 120 days 2020 151 | More than 120 days 2019 163 |
Total overdue receivables | Total overdue receivables 2020 527 | Total overdue receivables 2019 792 |
Invoiced trade receivables | Invoiced trade receivables 2020 7,342 | Invoiced trade receivables 2019 7,996 |
Impairment | Impairment 2020 (149) | Impairment 2019 (107) |
Invoiced trade receivables net | Invoiced trade receivables net 2020 7,193 | Invoiced trade receivables net 2019 7,889 |
% of revenue | 2020 | 2019 |
|---|---|---|
Five largest clients | Five largest clients 2020 13% | Five largest clients 2019 12% |
Ten largest clients | Ten largest clients 2020 20% | Ten largest clients 2019 19% |
Twenty largest clients | Twenty largest clients 2020 31% | Twenty largest clients 2019 29% |
Thirty largest clients | Thirty largest clients 2020 37% | Thirty largest clients 2019 35% |
Fifty largest clients | Fifty largest clients 2020 45% | Fifty largest clients 2019 42% |
One hundred largest clients | One hundred largest clients 2020 56% | One hundred largest clients 2019 53% |
Publicis has established a group-wide policy for selecting authorized banks as counterparties for all its subsidiaries. This policy requires that deposits be made in authorized banks and that in general all banking services be provided exclusively by these banks. The list of authorized banks is reviewed periodically by the Groupe Treasury Department. Exceptions to this policy are handled centrally for the entire Groupe by the Treasury Office.
Additionally, studies are carried out in order to ensure that almost all cash and cash equivalents are deposited in authorized banks.
