Carphone Warehouse 2014 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2014 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Carphone Warehouse Group plc
Annual Report 2014 83
FINANCIAL STATEMENTS
14 TRADE AND OTHER RECEIVABLES
2014 2013
£m £m
Trade receivables 935 —
Less provision for impairment (20) —
Trade receivables net of provision for impairment 915 —
Prepayments and other receivables 90 3
Accrued income 5—
Derivative financial assets 2—
1,012 3
Non-current 191 —
Current 821 3
1,012 3
Non-current receivables represents commission receivable on sales which is due after more than one year. Trade and other receivables
arediscounted using discount rates which reflect the relevant costs of financing when the receivable is recognised, where the time value
ofmoney is considered to be material.
The Group’s gross trade receivables are denominated in the following currencies:
2014 2013
£m £m
Sterling 698 —
Euro 229 —
Other 8—
935 —
The ageing of gross trade receivables is as follows:
2014 2013
£m £m
Not yet due 795 —
Under 2 months 49 —
2 to 4 months 39 —
Over 4 months 52 —
935 —
The ageing of provisions for impairment of trade receivables is as follows:
2014 2013
£m £m
Not yet due (2) —
Under 2 months (3) —
2 to 4 months (1) —
Over 4 months (14) —
(20) —