Trade receivables and on-trade loans RECEIVABLES BY ORIGIN ON-TRADE LOANS AVERAGE EFFECTIVE INTEREST RATES RECEIVABLES INCLUDED IN THE STATEMENT OF FINANCIAL POSITION 1.6  SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS Consolidated financial statements SECTION 1: OPERATING ACTIVITIES 69 Carlsberg Group Annual Report 2013 The on-trade loan agreements are typi- cally complex and cover several aspects  of the relationship between the parties.  Management assesses the recognition  and classification of income and expenses  for each of these agreements, including  the allocation of payments from the cus- tomer between revenue, discounts, inter- est on the loan (other operating activities)  and repayment of the loan.  The following on-trade loan items are recog- nised in other operating activities, net: Under certain circumstances the Group  grants loans to on-trade customers in  France, the UK, Germany, Switzerland and  Sweden. On-trade loans are spread across  a large number of customers/debtors and  consist of several types of loans, including  loans repaid in cash or through reduced dis- counts, and prepaid discounts. The operating  entities monitor and control these loans in  accordance with central guidelines.  ON-TRADE LOANS The Group’s non-current receivables mainly  consist of on-trade loans.  The current receivables comprise receivables  from trade and other receivables. Trade receivables comprise invoiced goods  and services as well as short-term on-trade  loans to customers. Other receivables com- prise VAT receivables, loans to partners and  associates, interest receivables and other  financial receivables.  Non-current receivables fall due more than  one year from the end of the reporting  period, with DKK 137m (2012: DKK 142m)  falling due more than five years from the  end of the reporting period. The fair value of the on-trade loans was DKK 1,916m  (2012: DKK 2,022m). DKK million 2013 2012 Interest and amortisation  of on-trade loans 79 91 Losses and write-downs  on on-trade loans -78 -55 On-trade loans, net 1 36 % 2013 2012 On-trade loans 4.9 4.9 DKK million 2013 2012 Trade receivables 7,888 7,828 Other receivables 2,001 2,093 Total current receiva- bles 9,889 9,873 Non-current receivables 2,093 2,208 Total 11,982 12,129 DKK million 2013 2012 Sale of goods and  services 7,258 7,117 On-trade loans 1,916 2,022 Loans, fair value of  hedging instruments  and other receivables 2,808 2,990 Total 11,982 12,129