BT 2010 Annual Report Download - page 119

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17. Trade and other receivables
2010 2009
At 31 March £m £m
Current
Trade receivables 1,937 1,966
Prepayments 549 825
Accrued income 1,010 1,135
Other receivables 200 259
3,696 4,185
2010 2009
£m £m
Non current
Other assetsa336 322
aOther assets mainly represents costs relating to the initial set up, transition or transformation phase of long-term networked IT services contracts. At 31 March 2010 the balance was £294m (2009: £322m).
Other assets also include prepayments of £42m (2009: £nil).
Trade receivables are stated after deducting allowances for doubtful debts, as follows:
2010 2009
£m £m
At 1 April 246 209
Expense recognised in the income statement 155 151
Utilised in the year (183) (139)
Acquisitions –4
Exchange differences 121
At 31 March 219 246
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 and taking into account general
economic conditions. Historical loss experience allowances are calculated by line of business in order to reflect the specific nature of the
customers relevant to that line of business.
Trade receivables are due as follows:
Past due and not specifically impaired:
Trade
receivables
specifically
impaired net Between 0 Between 3 Between 6 Over 12
Not past due of provision and 3 months and 6 months and 12 months months Total
£m £m £m £m £m £m £m
2010 1,257 51 426 98 60 45 1,937
2009 1,263 1 474 90 65 73 1,966
Gross trade receivables which have been specifically impaired amounted to £230m (2009: £30m).
FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
117BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTSADDITIONAL INFORMATION REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW