Air New Zealand 2008 Annual Report Download - page 19

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AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2008
7. TRADE AND OTHER RECEIVABLES
GROUP
2008
$M
GROUP
2007
$M
COMPANY
2008
$M
COMPANY
2007
$M
Current
Trade receivables 382 386 358 368
Other receivables 4 4 5 5
Less: allowance for doubtful debts (3) (2) (3) (2)
383 388 360 371
Prepayments 79 60 58 37
462 448 418 408
Non-current
Prepayments 13 15 - 1
13 15 - 1
Trade and other receivables is represented by:
Current 333 342 320 333
Past due 1- 90 days 46 42 39 37
Past due greater than 90 days 7 6 4 3
Allowance for doubtful debts (3) (2) (3) (2)
383 388 360 371
The Group does not typically re-negotiate the terms of trade receivables. If a renegotiation does take place, the outstanding balance is included in the
above analysis based on original payment terms.
Movement in the allowance for doubtful debts
Balance at the beginning of the year (2) (5) (2) (5)
Increase in doubtful debts (2) - (2) -
Decrease in doubtful debts - 2 - 2
Amounts utilised 1 1 1 1
Balance at the end of the year (3) (2) (3) (2)
17