GKN PLC

Annual Report and Accounts
for the year ended 31 December 2007

 

15 Trade and other receivables

2007
£m
2006
£m
Trade receivables 509 457
Amounts owed by joint ventures 10 8
Other receivables 38 39
Prepayments 14 16
571 520
Provisions for doubtful debts against trade receivables
  At 1 January (5) (4)
  Charge for the year:
    Additions (3) (3)
    Unused amounts reversed 1 1
  Amounts used 1 1
At 31 December (6) (5)
Ageing analysis of trade receivables and amounts owed by joint ventures past due but not impaired:
  Up to 30 days overdue 40 39
  31-60 days overdue 11 8
  61-90 days overdue 4 3
  More than 90 days overdue 7 4

Trade receivables of £12 million (2006 - £11 million) are subject to provisions for doubtful debts. Other receivables includes £19 million (2006 - £23 million) of financial assets within the scope of IFRS 7.

 

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