BT 2014 Annual Report Download - page 153
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150 Financial statements
16. Trade and other receivables continued
Trade receivables are due as follows
Past due and not specically impaired
At 31 March
Not past due
£m
Trade
receivables
specically
impaired net
of provision
£m
Between
0 and 3
months
£m
Between
3 and 6
months
£m
Between
6 and 12
months
£m
Over 12
months
£m
Total
£m
2014 857 39 300 31 43 100 1,370
2013 967 95 310 27 26 70 1,495
Gross trade receivables which have been specically impaired amounted to £127m (2012/13 £191m).
Trade receivables not past due and accrued income are analysed below by line of business.
At 31 March
Trade receivables
not past due Accrued income
2014
£m
2013
£m
2014
£m
2013
£m
BT Global Services 520 564 435 399
BT Business 199 197 121 121
BT Consumer 106 119 – –
BT Wholesale 4 64 118 135
Openreach 12 21 137 75
Other 16 246
Total 857 967 815 736
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 £28m
(2012/13 £31m).
17. Trade and other payables
At 31 March
2014
£m
2013
£m
Current
Trade payables 2,745 2,927
Other taxation and social security 480 458
Other payables 545 588
Accrued expenses 444 446
Deferred income 1,047 1,155
5,261 5,574
At 31 March
2014
£m
2013
£m
Non-currenta
Other payables 845 821
Deferred income 53 62
898 883
a Non-current payables mainly relate to operating lease liabilities and deferred gains on a prior period sale and Ƭnance leaseback transaction.
Trade and other payables are held at amortised cost. The carrying amount of these balances approximates to fair value due to the short maturity of
amounts payable.