Tesco 2013 Annual Report Download - page 105

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101
Tesco PLC Annual Report and Financial Statements 2013
OVERVIEW BUSINESS REVIEW PERFORMANCE REVIEW GOVERNANCE FINANCIAL STATEMENTS
Note 16 Trade and other receivables
2013
£m
2012
£m
Prepayments and accrued income 417 420
Other receivables 1,636 1,848
Amounts owed by joint ventures and associates (Note 28) 472 389
2,525 2,657
Included within trade and other receivables are the following amounts receivable after more than one year:
2013
£m
2012
£m
Prepayments and accrued income 22 36
Other receivables 472 377
Amounts owed by joint ventures and associates 335 269
829 682
Trade and other receivables are generally non interest-bearing. Credit terms vary by country and the nature of the debt, ranging from seven to sixty days.
As at 23 February 2013, trade and other receivables of £33m (2012: £30m) were past due and impaired. The amount of the provision was £51m
(2012: £50m). The ageing analysis of these receivables is as follows:
2013
£m
2012
£m
Up to three months past due 6 5
Three to six months past due 3 3
Over six months past due 24 22
33 30
As at 23 February 2013, trade and other receivables of £153m (2012: £415m) were past due but not impaired. The ageing analysis of these
receivables is as follows:
2013
£m
2012
£m
Up to three months past due 107 194
Three to six months past due 15 114
Over six months past due 31 107
153 415
No receivables have been renegotiated in the current or prior financial years.
Note 17 Loans and advances to customers
Tesco Bank has loans and advances to customers.
2013
£m
2012
£m
Non-current 2,465 1,901
Current 3,094 2,502
5,559 4,403
The maturity of these loans and advances is as follows:
At 23 February 2013 2013
£m
2012
£m
Repayable on demand or at short notice 3 1
Within three months 3,019 2,557
Greater than three months but less than one year 175 46
Greater than one year but less than five years 1,803 1,396
After five years 731 588
5,731 4,588
Provision for impairment of loans and advances (172) (185)
5,559 4,403
At 23 February 2013, £1.2bn of the credit card portfolio had its beneficial interest assigned to a special purpose entity for use as collateral in
securitisation transactions (2012: £1.2bn). Included within the unsecured lending balance is £1.3bn (2012: £nil) that has been prepositioned with
the Bank of England for the purposes of contingent liquidity via the discount window facility and consequently is eligible for future participation
in the Funding for Lending Scheme.