Marks and Spencer 2008 Annual Report Download - page 81

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17 Other financial assets
2008 2007
£m £m
Non-current
Unlisted investments 3.0 3.0
Current
Listed UK securities 43.5 46.2
Unlisted investments 5.3 4.7
48.8 50.9
18 Trade and other receivables
2008 2007
£m £m
Non-current
Other receivables 13.5 1.4
Prepaid pension contributions (see note 21) 124.0 –
Prepaid leasehold premiums 270.1 242.8
Other prepayments and accrued income 2.4 2.8
410.0 247.0
Current
Trade receivables 87.9 69.0
Less: Provision for impairment of receivables (3.3) (1.1)
Trade receivables – net 84.6 67.9
Other receivables 32.9 51.9
Prepaid pension contributions (see note 21) 76.0 –
Prepaid leasehold premiums 10.9 7.6
Other prepayments and accrued income 103.2 69.3
307.6 196.7
Trade receivables that were past due but not impaired amounted to £12.6m (last year £24.1m).
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 5.4% (last year 4.9%); these deposits have an average maturity of
26 days (last year three days).
20 Trade and other payables
2008 2007
£m £m
Current
Trade payables 226.9 259.7
Other payables 425.5 327.8
Social security and other taxes 56.1 49.6
Pension contributions payable –40.3
Accruals and deferred income 268.1 366.5
976.6 1,043.9
Non-current
Accruals and deferred income1191.2 87.6
1 Includes the fair value of the put option £52.2m (last year £nil) exercisable on 4 April 2013 (see note 27); and contingent consideration for the acquisition of COMS a.s. £4.0m
(last year £nil) payable by April 2010 (see note 25).
marksandspencer.com/annualreport08 MARKS AND SPENCER GROUP PLC 79
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