Experian 2013 Annual Report Download - page 134
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Please find page 134 of the 2013 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.132 Experian Annual Report 2013 Financial statements
24. Investments in associates
2013
US$m
2012
US$m
Cost
At 1 April 13 27
Additions through business combinations – 11
Other additions 8–
Share of loss after tax – (2)
Dividends received (1) (1)
Acquisition of controlling stake in associate –(22)
Interest in associate arising on a business disposal 1 –
At 31 March 21 13
25. Inventories
2013
US$m
2012
US$m
Work in progress 3 2
Finished goods 4 9
7 11
26. Trade and other receivables
(a) Analysis of trade and other receivables by type and maturity
2013 2012
Current
US$m
Non-current
US$m
Current
US$m
Non-current
US$m
Trade receivables 710 –
684 –
Credit note provision (16) – (25) –
Trade receivables – net of provision for credit notes 694 –
659 –
Provision for impairment of trade receivables (40) – (37) –
Trade receivables – net 654 –
622 –
Amounts owed by associates 3 – 7 –
VAT recoverable 3 – 2 –
Other prepayments and accrued income 263 10 279 13
923 10 910 13
There is no material difference between the fair value of trade and other receivables and the book value stated above. All non-current
receivables are due within five years. The only impaired assets are within trade receivables.
Trade receivables with financial institutions accounted for some 33% (2012: 25%) of such receivables in Brazil, some 28% (2012: 28%) in the
UK and some 21% (2012: 27%) in the USA. Together these represent some 22% (2012: 21%) of trade receivables. The remaining balances are
distributed across multiple industries and geographies.
(b) Analysis of total trade and other receivables by nature
2013
US$m
2012
US$m
Financial instruments 710 698
Items not regarded as financial instruments:
VAT recoverable 3 2
Amounts within other prepayments and accrued income 220 223
Items not regarded as financial instruments 223 225
933 923
Notes to the Group financial statements continued