Marks and Spencer 2013 Annual Report Download - page 102

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2013 100
Notes to the financial statements continued
16 Other financial assets
2013
£m
2012
£m
Non-current
Unlisted investments 3.0 3.0
Current
Short-term investments110.7 254.4
Unlisted investments 6.2 6.1
16.9 260.5
1. Includes £0.3m (last year £179.4m) and £0.3m (last year £49.2m) of money market deposits held by the Marks and Spencer Scottish Limited Partnership and Marks and Spencer plc
respectively.
Non-current unlisted investments are carried as available-for-sale assets. Other financial assets are measured at fair value with
changes in their value taken to the income statement.
17 Trade and other receivables
2013
£m
2012
£m
Non-current
Other receivables 30.4 33.8
Prepayments and accrued income 235.0 236.4
265.4 270.2
Current
Trade receivables 113.7 115.8
Less: Provision for impairment of receivables (5.4) (1.2)
Trade receivables – net 108.3 114.6
Other receivables 29.1 23.9
Prepayments and accrued income 107.6 114.5
245.0 253.0
Trade receivables that were past due but not impaired amounted to £1.8m (last year £1.3m) and are mainly sterling denominated.
The directors consider that the carrying amount of trade and other receivables approximates their fair value.
18 Cash and cash equivalents
Cash and cash equivalents are £193.1m (last year £196.1m). The carrying amount of these assets approximates their fair value.
The effective interest rate on short-term bank deposits is 0.03% (last year 0.36%). These deposits have an average maturity of three
days (last year four days).
19 Trade and other payables
2013
£m
2012
£m
Current
Trade and other payables 972.7 959.5
Social security and other taxes 56.4 71.5
Accruals and deferred income 474.7 418.1
1,503.8 1,449.1
Non-current
Other payables 292.1 280.8