Air New Zealand 2010 Annual Report Download - page 20

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7. TRADE AND OTHER RECEIVABLES
GROUP
2010
$M
GROUP
2009
$M
COMPANY
2010
$M
COMPANY
2009
$M
Current
Trade receivables 272 286 244 260
Other receivables 3 12 3 12
Less: allowance for doubtful debts (3) (3) (2) (2)
272 295 245 270
Prepayments 50 67 29 41
322 362 274 311
Non-current
Prepayments 38 34 28 23
38 34 28 23
Trade and other receivables is represented by:
Current 250 265 229 246
Past due 1- 90 days 22 30 16 24
Past due greater than 90 days 3 3 2 2
Allowance for doubtful debts (3) (3) (2) (2)
272 295 245 270
The Group does not typically re-negotiate the terms of trade receivables. If a renegotiation does take place, the outstanding balance is included in the
above analysis based on original payment terms.
Movement in the allowance for doubtful debts
Balance at the beginning of the year (3) (3) (2) (3)
Increase in doubtful debts (1) (2) (1) (1)
Amounts utilised 1 2 1 2
Balance at the end of the year (3) (3) (2) (2)
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2010
18