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Investor Presentaiton

148 43 ANNUAL INTEGRATED REPORT 2021 | AXTEL 06 CASH AND CASH EQUIVALENTS Cash and cash equivalents presented in the consolidated statement of financial position consist of the following: 08 TRADE AND OTHER ACCOUNTS RECEIVABLE, NET Trade and other accounts receivable are comprised as follows: 2021 2020 2019 Current: Cash on hand and in banks Short-term investments Total cash and cash equivalents 2021 $1,305,022 308,675 $1,613,697 2020 $1,747,864 1,376,091 $3,123,955 2019 $139,197 Trade accounts receivable $2,000,084 $2,168,349 718,545 $857,742 Allowance for impairment of accounts receivable (1) Trade accounts receivable, net (304,637) 1,695,447 Recoverable taxes Notes and other accounts receivable Related parties 72,605 689,442 35,260 $2,492,754 $3,634,751 (373,335) (1,208,739) 1,795,014 2,426,012 56,775 34,674 1,041,257 860,528 8,202 23,460 $2,901,248 $3,344,674 07 RESTRICTED CASH As of December 31, 2021, 2020 and 2019, the balance of restricted cash was $0, $261,827 (US$13 million) and $0, respectively. The balance as of December 31, 2020 is related to an escrow originated from the sale transaction of the three data centers located in Queretaro and Monterrey to Equinix. This balance was released on January 8, 2021. As of December 31, 2019, the restricted cash balance is $0 because on February 28, 2019, a ruling was handed down in favor of Alestra related to the disputes on the resale interconnection rates established between Alestra and Telmex and Telefonos del Norte ("Telnor", a subsidiary of Telmex), allowing the withdrawal of the outstanding balance of the amounts contributed to the trust and its corresponding returns. (1) Movements of the allowance for impairment of accounts receivables are as follows: Initial balance Write-off of doubtful accounts (2) Allowance for doubtful accounts for the year Ending balance 2021 $373,335 (42,555) (26,143) $304,637 2020 $1,208,739 48,891 (884,295) $ 373,335 2019 $2,172,343 45,631 (1,009,235) $1,208,739 (2) The net variance in the allowance for doubtful accounts in 2021, 2020 and 2019 are mainly due to the increase in the probability of default assigned to certain customers with respect to the beginning of the year. In addition, they consider the reversals of impairment that arise when an account receivable, which had previously been impaired, becomes recoverable because the customer settled the outstanding balance. The following describes the probability of default ranges and recovery rates allocated to the main customer segments with which the company has balances receivable in its different businesses: =
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