Aer Lingus 2014 Annual Report Download - page 118
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116
21 Inventory
Sundry inventory primarily comprises catering and retail stock for sale on board and in-flight equipment.
2014
2013
€'000
€'000
Sundry inventory
3,245
2,536
There were no write-downs of inventory during the current or prior year.
22 Trade and other receivables
2014
2013
As restated1
€'000
€'000
Trade and other receivables
53,845
45,354
Other amounts receivables
32,162
28,124
Prepayments and accrued income
42,544
35,128
128,551
108,606
Shown as:
2014
2013
As restated1
€'000
€'000
Non-current assets
43,532
43,278
Current assets
85,019
65,328
128,551
108,606
1See Basis of Preparation - Note 2 (ii)
The fair value of trade and other receivables equate to their book value at 31 December 2014 and 2013. The maximum exposure to credit
risk is the fair value of trade and other receivables above.
The movements in provision for impairment of trade receivables during the year were as follows:
2014
2013
€'000
€'000
At 1 January
1,658
1,658
Increase during the year
981
1,096
Utilisation during the year
(1,014)
(1,096)
1,625
1,658
The creation and release of provisions for impairment of trade receivables have been included in “Ground operations, catering and other
operating costs” within the income statement. Amounts receivable are charged to the provision account when there is no expectation of
recovering the amounts outstanding.
There is no geographical concentration of credit risk with respect to trade and other receivables as the Group has a large and widely
dispersed customer base.
Receivable balances are continually monitored and reviewed for impairment at each reporting date. At 31 December 2014, trade and other
receivables of €5.4 million (2013: €6.5 million) were past due but not impaired. The aging analysis of these trade receivables is as follows:
2014
2013
€'000
€'000
Up to 1 month past due
4,103
5,173
Over 1 month past due
1,249
1,322
5,352
6,495