Financial Statements
15 Debtors
| 2006 £m |
2005 £m |
|
|---|---|---|
| Trade and other debtors | 72 | 39 |
| Prepayments and accrued income | 12 | 5 |
| Corporation tax | 8 | 22 |
| Interest rate derivatives* | 26 | 10 |
| 118 | 76 |
* Includes contracted cash flow with a maturity greater than one year at fair value.
Trade and other debtors are shown after deducting a provision for bad and doubtful debts of £11m (2005: £9m). The charge to the income statement was £3m (2005: £3m).
The directors consider that the carrying amount of trade and other debtors approximates their fair value. There is no concentration of credit risk with respect to trade debtors as the Group has a large number of customers.