Notes to the accounts
- 01. New Accounting Standards
- 02. Segmental Analysis and Results Presentation
- 03. Other Operating Income
- 04. Operating Costs
- 05. Directors and Employees
- 06. Disposals, Re-measurements and Impairments
- 07. Finance Income and Costs
- 08. Taxation
- 09. Dividends
- 10. Earnings Per Ordinary Share
- 11. Goodwill
- 12. Other Intangible Assets
- 13. Property, Plant and Equipment
- 14. Investments
- 15. Business Combinations
- 16. Inventories
- 17. Trade and Other Receivables
- 18. Cash and Cash Equivalents
- 19. Assets Held for Sale
- 20. Borrowings
- 21. Financial Instruments
- 22. Trade and Other Payables
- 23. Provisions for Other Liabilities and Charges
- 24. Deferred Tax
- 25. Called Up Share Capital
- 26. Statement of Changes in Shareholders’ Equity
- 27. Commitments and Contingencies
- 28. Related Party Transactions
- 29. Pensions and Post-retirement Benefits
- 30. Notes To The Consolidated Cash Flow Statement
- 31. Principal Subsidiary Undertakings, Joint Ventures and Associates
17 TRADE AND OTHER RECEIVABLES
| The Group | The Company | |||
|---|---|---|---|---|
| 2007 £m |
2006 £m |
2007 £m |
2006 £m |
|
| Amounts falling due within one year | ||||
| Trade receivables | 759 | 762 | – | – |
| Amounts owed by Group undertakings | – | – | 852 | 895 |
| Amounts owed by joint ventures and associates (see note 28) | 46 | 38 | – | – |
| Other receivables | 205 | 114 | – | – |
| Prepayments and accrued income | 1 251 | 940 | – | – |
| 2 261 | 1 854 | 852 | 895 | |
| Amounts falling due after more than one year | ||||
| Other receivables | 49 | 49 | – | – |
| Prepayments and accrued income | 21 | – | – | – |
| 70 | 49 | – | – | |
| Total receivables | 2 331 | 1 903 | 852 | 895 |
Trade receivables are stated net of provisions. When management consider the recovery of a receivable to be improbable, a provision is made in full against the carrying value of the receivable. The movement in this provision is as follows:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Provision as at 1 January | 13 | 15 |
| Charge/(credit) for the year | 3 | – |
| Transfers and other adjustments | 1 | (2) |
| Provision as at 31 December | 17 | 13 |
As at 31 December 2007, £90m (2006 £90m) of trade and other receivables were past due but not provided for, and an analysis of these receivables is as follows:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Less than 3 months past due | 59 | 63 |
| Between 3 and 6 months past due | 5 | 2 |
| Between 6 and 12 months past due | 2 | – |
| More than 12 months past due | 24 | 25 |
| 90 | 90 |
There are no past due or impaired receivables in the Company (2006 £nil).