Tesco 2014 Annual Report Download - page 99

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Note 16 Trade and other receivables
2014
£m
2013
£m
Prepayments and accrued income 388 417
Other receivables 1,528 1,636
Amounts owed by joint ventures and associates (Note 28) 274 472
2,190 2,525
Included within trade and other receivables are the following amounts receivable after more than one year:
2014
£m
2013
£m
Prepayments and accrued income 19 22
Other receivables 432 472
Amounts owed by joint ventures and associates 195 335
646 829
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 22 February 2014, trade and other receivables of £37m (2013: £33m) were past due and impaired. The amount of the provision was £46m
(2013: £51m). The ageing analysis of these receivables is as follows:
2014
£m
2013
£m
Up to three months past due 46
Three to six months past due 23
Over six months past due 31 24
37 33
As at 22 February 2014, trade and other receivables of £155m (2013: £153m) were past due but not impaired. The ageing analysis of these receivables is
as follows:
2014
£m
2013
£m
Up to three months past due 124 107
Three to six months past due 15 15
Over six months past due 16 31
155 153
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.
2014
£m
2013
£m
Non-current 3,210 2,465
Current 3,705 3,094
6,915 5,559
The maturity of these loans and advances is as follows:
At 22 February 2014
2014
£m
2013
£m
Repayable on demand or at short notice 33
Within three months 3,641 3,019
Greater than three months but less than one year 166 175
Greater than one year but less than five years 1,955 1,803
After five years 1,307 731
7,072 5,731
Provision for impairment of loans and advances (157) (172)
6,915 5,559
At 22 February 2014, £2.4bn of the credit card portfolio had its legal interest assigned to a special purpose entity for use as collateral in securitisation
transactions (2013: £1.2bn). Included within the unsecured lending balance is £0.8bn (2013: £1.3bn) 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.
96 Tesco PLC Annual Report and Financial Statements 2014
Notes to the Group financial statements continued