Aer Lingus 2008 Annual Report Download - page 75

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73
AER LINGUS GROUP PLC - ANNUAL REPORT 2008
14 Inventories
2008 2007
€’000 €’000
Sundry inventory 514 874
15 Trade and other receivables
2008 2007
€’000 €’000
Trade receivables 33,049 30,230
Other amounts receivable 50,395 30,753
Prepayments and accrued income 4,120 3,495
Value Added Tax 1,337 741
88,901 65,219
The fair values of trade and other receivables approximate their book values.
There is no geographical concentration of credit risk with respect to trade and other receivables as the Group has a large
number of customers who are internationally dispersed.
The maximum exposure to credit risk at the reporting date is the fair value of each class of receivable mentioned above. The
Group does not hold any collateral as security.
At 31 December 2008, trade and other receivables of €3.4m (2007: €5.2m) were past due but not impaired. They relate to a
number of independent airline customers that have no recent history of default. The ageing analysis of these trade receivables
is as follows:
2008 2007
€’000 €’000
Up to 1 month past due 3,356 5,170
Over 1 month past due - -
3,356 5,170
The other classes within trade and other receivables do not contain impaired assets.
The carrying amounts of the Group’s trade and other receivables are denominated in the following currencies:
2008 2007
€’000 €’000
Euro 46,368 38,515
US dollar 30,614 24,353
UK pound 11,919 2,181
Other currencies - 170
88,901 65,219