Tesco 2010 Annual Report Download - page 100
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Notes to the Group financial statements continued
Note 14 Other investments continued
The following table shows the aggregate movement in the Group’s other investments during the year:
2010 2009
£m £m
At beginning of year 259 4
Additions 603 –
Acquisitions through business combinations – 259
IAS 32 and IAS 39 ‘Financial Instruments’ – Fair value remeasurements 1 (4)
At end of year 863 259
Note 15 Inventories
2010 2009
£m £m
Goods held for resale 2,726 2,656
Development properties 3 13
2,729 2,669
Note 16 Trade and other receivables
2010 2009
Restated
£m £m
Prepayments and accrued income 337 419
Other receivables 1,236 1,125
Amounts owed by joint ventures and associates (note 30) 315 276
1,888 1,820
Included within trade and other receivables are the following amounts receivable after more than one year:
2010 2009
£m £m
Prepayments and accrued income 31 14
Other receivables 346 275
Amounts owed by joint ventures and associates (note 30) 309 262
686 551
Trade and other receivables are generally non-interest bearing. Credit terms vary by country and the nature of the debt and can be from 7 to 60 days.
Trade receivables are recorded at amortised cost, reduced by estimated allowances for doubtful debts.
Provision for impairment of receivables
£m
At 23 February 2008 (29)
Foreign currency translation (2)
Charge for the year (21)
Uncollectible amounts written off 3
Recoveries of amounts previously written off 5
At 28 February 2009 (44)
Foreign currency translation (5)
Charge for the year (3)
Uncollectible amounts written off –
Recoveries of amounts previously written off 5
At 27 February 2010 (47)
98 Tesco PLC Annual Report and Financial Statements 2010