Holiday Inn 2010 Annual Report Download - page 92

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90 IHG Annual Report and Financial Statements 2010
17. Trade and other receivables
2010 2009
$m $m
Trade receivables 292 268
Other receivables 32 27
Prepayments 47 40
371 335
Trade and other receivables are designated as ‘loans and receivables’ and are held at amortised cost.
Trade receivables are non-interest-bearing and are generally on payment terms of up to 30 days. The fair value of trade and other
receivables approximates their carrying value.
The maximum exposure to credit risk for trade and other receivables, excluding prepayments, at the end of the reporting period
by geographic region is:
2010 2009
$m $m
Americas 163 158
Europe, Middle East and Africa 98 90
Asia Pacific 63 47
324 295
The ageing of trade and other receivables, excluding prepayments, at the end of the reporting period is:
2010 2009
Gross Provision Net Gross Provision Net
$m $m $m $m $m $m
Not past due 197 (3) 194 173 (2) 171
Past due 1 to 30 days 75 (4) 71 70 (9) 61
Past due 31 to 180 days 66 (9) 57 80 (19) 61
Past due more than 180 days 44 (42) 2 57 (55) 2
382 (58) 324 380 (85) 295
The movement in the provision for impairment of trade and other receivables during the year is as follows:
2010 2009
$m $m
At 1 January (85) (110)
Provided (27) (34)
Amounts written back 7 3
Amounts written off 47 56
At 31 December (58) (85)
18. Cash and cash equivalents
2010 2009
$m $m
Cash at bank and in hand 38 23
Short-term deposits 40 17
78 40
Short-term deposits are highly liquid investments with an original maturity of three months or less, in various currencies.
Notes to the Group financial statements continued