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114 BT Group plc Annual Report & Form 20-F
15. Trade and other receivables
2008 2007
Trade and other receivables £m £m
.....................................................................................................................................................................................................................................
Current
Trade receivables 1,853 1,592
Prepayments 981 922
Accrued income 1,340 1,284
Other receivables 275 275
4,449 4,073
Trade receivables are stated after deducting allowances for doubtful debts, as follows:
2008 2007
£m £m
.....................................................................................................................................................................................................................................
At 1 April 280 315
Amounts charged to the income statement 114 117
Utilised in the year (211) (147)
Acquisitions 7–
Exchange differences 19 (5)
At 31 March 209 280
Trade receivables are continuously monitored and allowances applied against trade receivables consist of both specific impairments
and collective impairments based on the group’s historical loss experiences for the relevant aged category. Historical loss experience
allowances are calculated by line of business to reflect the specific nature of customers relevant to that line of business.
Trade receivables are due as follows:
Past due and not specifically impaired:
Not past due
Trade
receivables
specifically
impaired net of
provision
Between 0 and
3 months
Between 3 and
6 months
Between 6 and
12 months Over 12 months Total
£m £m £m £m £m £m £m
.....................................................................................................................................................................................................................................
2008 1,090 3 571 63 73 53 1,853
2007 963 1 502 63 42 21 1,592
Gross trade receivables which have been specifically impaired amounted to £68 million (2007: £50 million)
Trade receivables not past due and accrued income are analysed below by line of business. The nature of customers associated
with each segment is provided in note 1.
2008 2007
Trade receivables not past due £m £m
.....................................................................................................................................................................................................................................
BT Global Services 793 608
BT Retail 224 299
BT Wholesale 68 50
Other 56
Total trade receivables not past due 1,090 963
2008 2007
Accrued income £m £m
.....................................................................................................................................................................................................................................
BT Global Services 797 641
BT Retail 309 360
BT Wholesale 176 226
Openreach 42 53
Other 16 4
Total accrued income 1,340 1,284
Given the broad and varied nature of the group’s customer base, the analysis of trade receivables not past due and accrued income
by line of business is considered the most appropriate disclosure of credit concentrations. Cash collateral held against trade and
other receivables amounted to £29 million (2007: £33 million).
Consolidated financial statements Notes to the consolidated financial statements