Experian 2014 Annual Report Download - page 141

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Financial statements • Notes to the Group financial statements 137
23. Trade and other receivables
(a) Analysis of trade and other receivables by type and maturity
2014 2013
Current
US$m
Non-current
US$m
Current
US$m
Non-current
US$m
Trade receivables 722 – 710 –
Credit note provision (15) – (16) –
Trade receivables – after credit note provision 707 – 694 –
Provision for impairment of trade receivables (36) – (40) –
Trade receivables – net 671 – 654 –
Amounts owed by associates 7 – 3 –
VAT recoverable 3 – 3 –
Other prepayments and accrued income 261 9 263 10
942 9 923 10
There is no material difference between the fair value of trade and other receivables and the book value stated above. The only
impaired assets are within trade receivables.
Trade receivables with financial institutions comprise 36% (2013: 33%) of such receivables in Brazil, 19% (2013: 28%) in the UK and
20% (2013: 21%) in the USA. Together these represent 20% (2013: 22%) of trade receivables with other balances spread across a
number of sectors and geographies.
(b) Analysis of total trade and other receivables by nature
2014
US$m
2013
US$m
Financial instruments 712 710
Items not regarded as financial instruments:
VAT recoverable 3 3
Amounts within other prepayments and accrued income 236 220
Items not regarded as financial instruments 239 223
951 933
(c) Analysis of trade and other receivables by denomination of currency
2014 2013
Current
US$m
Non-current
US$m
Current
US$m
Non-current
US$m
US dollar 407 3 338 6
Sterling 221 – 229 –
Brazilian real 141 3 155 2
Euro 75 1 79 –
Other 98 2 122 2
942 9 923 10