Marks and Spencer 2006 Annual Report Download - page 78

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76 Marks and Spencer Group plc
Notes to the financial statements continued
17 OTHER FINANCIAL ASSETS
2006 2005
£m £m
Non-current
Unlisted investments 3.3 0.3
Current
Listed securities:
– Listed in the United Kingdom 43.6 51.0
– Listed overseas –11.4
Unlisted investments 5.2 4.6
48.8 67.0
18 TRADE AND OTHER RECEIVABLES
2006 2005
£m £m
Non-current
Other receivables15.3 6.2
Prepaid leasehold premiums 235.8 204.9
Other prepayments and accrued income 1.7 0.1
242.8 211.2
Current
Trade receivables 45.2 29.3
Less: Provision for impairment of receivables (3.2) (1.5)
Trade receivables – net 42.0 27.8
Other receivables 27.4 44.8
Prepaid pension contributions 57.7 65.6
Prepaid leasehold premiums 7.6 1.8
Other prepayments and accrued income 75.8 73.8
210.5 213.8
1Amounts receivable after more than one year in 2005 included £2.0m of non-financial assets which were excluded from the analysis in note 23.
19 CASH AND CASH EQUIVALENTS
Cash at bank includes short-term deposits with banks and other financial institutions, with an initial maturity of three months or less
and credit card debtors receivable within 48 hours. The carrying amount of these assets approximates their fair value.
The effective interest rate on short-term bank deposits is 4.5% (last year 4.8%); these deposits have an average maturity
of eight days (last year two days).