Carphone Warehouse 2015 Annual Report Download - page 116

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
114
12 Inventory
2 May
2015
£million
29 March
2014
£million
Finished goods and goods for resale 920 240
13 Trade and other receivables
2 May
2015
£million
29 March
2014
£million
Trade receivables 1,010 935
Less provision for bad and doubtful debts (20) (20)
990 915
Prepayments 124 35
Other receivables 74 55
A
ccrued income 22 5
Derivative financial assets 15 2
1,225 1,012
Non-current 318 191
Current 907 821
1,225 1,012
The majority of trade and other receivables are non-interest bearing. Non-current receivables mainly comprise commission
receivable on sales. Where the effect is material, trade and other receivables are discounted using discount rates which reflect
the relevant costs of financing. The carrying amount of trade and other receivables approximates fair value.
2 May 2015 29 March 2014
Gross trade
receivables
£million
Provision
£million
Net trade
receivables
£million
Gross trade
receivables
£million
Provision
£million
Net trade
receivables
£million
A
geing of gross trade receivables and provisions:
Not yet due 848 (6) 842 795 (2) 793
Past due:
Under two months 52 (5) 47 49 (3) 46
Two to four months 17 — 17 39 (1) 38
Over four months 93 (9) 84 52 (14) 38
162 (14) 148 140 (18) 122
1,010 (20) 990 935 (20) 915