Tesco 2015 Annual Report Download - page 115
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Note 14 Other investments
2015
£m
2014
£m
Loans receivable 35 69
Available-for-sale financial assets 940 946
975 1,015
Available-for-sale financial assets mainly comprise investments in bonds with varied maturities of which £111m (2014: £167m) is current.
Note 15 Inventories
2015
£m
2014
£m
Goods held for resale 2,825 3,467
Development properties 132 109
2,957 3,576
Goods held for resale are net of £93m (2014: £82m) relating to commercial income. These commercial income amounts will be recognised in cost of sales
upon sale of those inventories.
Note 16 Trade and other receivables
2015
£m
2014
£m
Prepayments 352 321
Accrued income 183 265
Other receivables 1,336 1,330
Amounts owed by joint ventures and associates (Note 28) 250 274
2,121 2,190
Trade and other receivables includes £97m (2014: £89m) within other receivables of amounts due from suppliers for commercial income which have been
invoiced but for which there is no legal right or intention to offset against payables, and £158m (2014: £230m) within accrued income of amounts due from
suppliers in relation to commercial income which have been earned but not yet invoiced.
Included within trade and other receivables are the following amounts receivable after more than one year:
2015
£m
2014
£m
Prepayments and accrued income 19 19
Other receivables 468 432
Amounts owed by joint ventures and associates 149 195
636 646
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.
At 28 February 2015, trade and other receivables of £31m (2014: £37m) were past due and impaired. The amount of the provision was £42m (2014: £46m).
The ageing analysis of these receivables is as follows:
2015
£m
2014
£m
Up to three months past due 24
Three to six months past due 22
Over six months past due 27 31
31 37
At 28 February 2015, trade and other receivables of £146m (2014: £155m) were past due but not impaired. The ageing analysis of these receivables is as follows:
2015
£m
2014
£m
Up to three months past due 117 124
Three to six months past due 14 15
Over six months past due 15 16
146 155
No receivables have been renegotiated in the current or prior financial years.
113Tesco PLC Annual Report and Financial Statements 2015
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