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11. Trade ReceivablesThe aging of trade receivables is as follows:in CHF millions Not overdueUp to 3 months overdueBetween 3 and 6 months overdueBetween 6 and 9 months overdueBetween 9 and 12 months overdueMore than 12 months overdue Total As of December 31, 2023Loss rate 0.1% 1.1% 6.5% 24.3% 52.4% 100.0%Total trade receivable %u2013 gross 1,659.1 153.4 26.3 7.0 2.1 5.8 1,853.7 Loss allowance (1.0) (1.7) (1.7) (1.7) (1.1) (5.8) (13.0) Total trade receivable %u2013 net 1,840.7 As of December 31, 2022Loss rate 0.1% 1.0% 7.2% 27.9% 61.5% 100.0%Total trade receivable %u2013 gross 1,804.9 198.1 27.7 6.1 2.6 7.1 2,046.5 Loss allowance (1.2) (2.0) (2.0) (1.7) (1.6) (7.1) (15.6) Total trade receivable %u2013 net 2,030.9 Movements on the Group loss allowance of trade receivables are as follows:in CHF millions 2023 2022As of January 1 15.6 17.3 Loss allowance 3.7 2.5 Receivables written off (4.8) (3.4) Exchange differences (1.5) (0.8) As of December 31 13.0 15.6 The expense for loss allowance is included in selling costs as part of other operating expenses.76 Consolidated Financial Statements DKSH Group