Tesco 2008 Annual Report Download - page 73

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Tesco PLC Annual Report and
Financial Statements 2008 71
Note 14 Other investments continued
The following table shows the aggregate movement in the Group’s other investments during the year:
2008 2007
£m £m
At beginning of year 84
Additions –5
Revaluation through equity (4) (1)
At end of year 48
Note 15 Inventories
2008 2007
£m £m
Goods held for resale 2,420 1,911
Development properties 10 20
2,430 1,931
Note 16 Trade and other receivables
2008 2007
£m £m
Prepayments and accrued income 298 128
Finance lease receivables (note 32) 512
Other receivables 796 771
Amounts owed by joint ventures and associates (note 28) 212 168
1,311 1,079
Included within trade and other receivables are the following amounts receivable after more than one year:
2008 2007
£m £m
Prepayments and accrued income 12 6
Finance lease receivables (note 32) –6
Other receivables 160 136
Amounts owed by joint ventures and associates (note 28) 173 163
345 311
Trade and other receivables are generally non-interest bearing. Credit terms vary by geography and the nature of the debt and can be from 14 to 30 days.
Trade receivables are recorded at amortised cost, reduced by estimated allowances for doubtful debts.
Provision for impairment of receivables
£m
At 25 February 2006 (24)
Foreign currency translation (1)
Charge for the year (20)
Unused amounts reversed 4
Uncollectible amounts written off 7
At 24 February 2007 (34)
Exchange adjustments (3)
Charge for the year (15)
Unused amounts reversed 9
Uncollectible amounts written off 14
At 23 February 2008 (29)