BT 2009 Annual Report Download - page 111

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS – NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
109BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
15. Trade and other receivables continued
Trade receivables are stated after deducting allowances for doubtful debts, as follows:
2009 2008
£m £m
At 1 April 209 280
Amounts charged to the income statement 151 114
Utilised in the year (139) (211)
Acquisitions 47
Exchange differences 21 19
At 31 March 246 209
Trade receivables are continuously monitored and allowances applied against trade receivables consist of both specific impairments and
collective impairments based on the group’s historical loss experiences for the relevant aged category and taking into account general
economic conditions. Historical loss experience allowances are calculated by line of business in order to reflect the specific nature of the
customers relevant to that line of business.
Trade receivables are due as follows:
Past due and not specifically impaired:
Trade
receivables
specifically
impaired net Between 0 Between 3 Between 6 Over 12
Not past due of provision and 3 months and 6 months and 12 months months Total
£m £m £m £m £m £m £m
2009 1,263 1 474 90 65 73 1,966
2008 1,090 3 571 63 73 53 1,853
Gross trade receivables which have been specifically impaired amounted to £30m (2008: £68m)
Trade receivables not past due and accrued income are analysed below by line of business. The nature of customers associated with each
segment is provided in note 1.
2009 2008
Trade receivables not past due £m £m
BT Global Services 878 793
BT Retail 308 224
BT Wholesale 64 68
Openreach 3–
Other 10 5
Total trade receivables not past due 1,263 1,090
2009 2008
Accrued income £m £m
BT Global Services 635 797
BT Retail 274 309
BT Wholesale 195 176
Openreach 26 42
Other 516
Total accrued income 1,135 1,340
Given the broad and varied nature of the group’s customer base, the analysis of trade receivables not past due and accrued income by line
of business is considered the most appropriate disclosure of credit concentrations. Cash collateral held against trade and other receivables
amounted to £23m (2008: £29m).