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Trade and other receivables (Tables)
12 Months Ended
Dec. 31, 2024
Trade and other receivables.  
Schedule of components of trade and other receivables

2024

2023

£m

 

£m

Trade receivables

 

705

 

692

Less: provision for impairment of trade receivables

 

(65)

 

(70)

Trade receivables – net

 

640

 

622

Other receivables1

 

128

 

113

Prepayments

 

77

 

68

Accrued income

 

118

 

118

Contract assets

3

4

Total

 

966

 

925

Analysed as follows:

 

 

Non-current

 

57

 

45

Current

 

909

 

880

Total

 

966

 

925

1.

Other receivables are stated net of loss allowance of £nil (2023: £nil).

Schedule of analysis of the Group's provision for impairment of trade receivables

    

2024

    

2023

 

2022

£m

£m

£m

At 1 January

 

70

 

70

50

Exchange differences

 

(1)

 

(4)

Additional provision

 

62

 

48

30

Receivables written off as uncollectable

 

(63)

 

(38)

(27)

Unused amounts reversed

 

(6)

 

(8)

(5)

Acquisition of companies and businesses

3

2

22

At 31 December

 

65

 

70

70

Schedule of ageing of trade receivables and provision for impairment

    

Trade 

    

Provision for 

    

Trade 

    

Provision for 

receivables 

impairment 

receivables

impairment 

2024

2024

2023

2023

£m

£m

£m

£m

Not due

 

288

 

 

286

 

(3)

Overdue by less than 1 month

 

170

 

(1)

 

158

 

(3)

Overdue by between 1 and 3 months

 

122

 

(3)

 

111

 

(5)

Overdue by between 3 and 6 months

 

54

 

(11)

 

56

 

(9)

Overdue by between 6 and 12 months

 

39

 

(20)

 

36

 

(15)

Overdue by more than 12 months

 

32

 

(30)

 

45

 

(35)

At 31 December

 

705

 

(65)

 

692

 

(70)

Schedule of carrying amounts of the Group's trade receivables denominated in different currencies

2024

2023

£m

£m

Pound sterling

 

57

 

51

Euro

 

160

 

161

US dollar

 

302

 

291

Other currencies

 

186

 

189

Carrying value

 

705

 

692