Vtech 2001 Annual Report Download - page 54

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15. DEBTORS AND PREPAYMENTS
2001 2000
Note US$ million US$ million
Trade debtors 195.3 188.0
Trade debtors due from associates Ð 0.9
Other debtors and prepayments 58.2 54.2
Pension assets 18 2.1 1.4
255.6 244.5
At 31st March 2001, there were no trade debtors pledged as security for liabilities (2000: Nil).
Included in other debtors in 2000 above was an amount due from a former director of the Company, Mr. Paul
Anthony MURPHY. The amount had been fully repaid during the year (2000: US$0.2 million) and the maximum
amount outstanding during the year was US$0.2 million (2000: US$0.7 million). Interest was charged at the
Hong Kong prime rate.
An ageing analysis of trade debtors by transaction date is as follows:
0±30 days 31±60 days 61±90 days >90 days Total
US$ million US$ million US$ million US$ million US$ million
Balance at 31st March 2001 81.3 75.4 25.2 13.4 195.3
Balance at 31st March 2000 99.3 61.4 10.2 17.1 188.0
The majority of the Group's sales are on letter of credit and on open credit with varying terms of 30 to 90 days.
Certain open credit sales are covered by credit insurance or bank guarantees.
16. CREDITORS AND PROVISIONS
2001 2000
Note US$ million US$ million
Trade creditors 106.2 108.1
Provisions for liabilities and charges 19 66.3 37.9
Other creditors and accruals 135.4 96.4
Obligations under finance leases 17 0.1 Ð
308.0 242.4
An ageing analysis of trade creditors by transaction date is as follows:
0±30 days 31±60 days 61±90 days >90 days Total
US$ million US$ million US$ million US$ million US$ million
Balance at 31st March 2001 30.1 38.8 9.6 27.7 106.2
Balance at 31st March 2000 68.5 22.6 7.2 9.8 108.1
52
Notes to the Financial Statements