Marks and Spencer 2007 Annual Report Download - page 80

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Notes to the financial statements continued
17 OTHER FINANCIAL ASSETS
2007 2006
£m £m
Non-current
Unlisted investments 3.0 3.3
Current
Listed UK securities 46.2 43.6
Unlisted investments 4.7 5.2
50.9 48.8
18 TRADE AND OTHER RECEIVABLES
2007 2006
£m £m
Non-current
Other receivables 1.4 5.3
Prepaid leasehold premiums 242.8 235.8
Other prepayments and accrued income 2.8 1.7
247.0 242.8
Current
Trade receivables 69.0 45.2
Less: Provision for impairment of receivables (1.1) (3.2)
Trade receivables – net 67.9 42.0
Other receivables 51.9 27.4
Prepaid pension contributions –57.7
Prepaid leasehold premiums 7.6 7.6
Other prepayments and accrued income 69.3 75.8
196.7 210.5
19 CASH AND CASH EQUIVALENTS
Cash and cash equivalents includes short-term deposits with banks and other financial institutions, with an initial maturity of three
months or less and credit card debtors receivable within 48 hours. The carrying amount of these assets approximates their fair value.
The effective interest rate on short-term bank deposits is 4.9% (last year 4.5%); these deposits have an average maturity
of three days (last year eight days).
20 TRADE & OTHER PAYABLES
2007 2006
£m £m
Current
Trade payables 259.7 242.6
Other payables 327.8 196.6
Social security and other taxes 49.6 40.7
Pension contributions payable 40.3 –
Accruals and deferred income 366.5 387.9
1,043.9 867.8
Non-current
Accruals and deferred income 87.6 74.8
7788MARKS AND SPENCER GROUP PLC wwwwww..mmaarrkkssaannddssppeenncceerr..ccoomm//aannnnuuaallrreeppoorrtt22000077