Notes to the consolidated financial statements
14. Trade and other receivables continued
As at 31 March 2009, trade receivables at nominal value of £31.7 million (2008: £27.3 million) were impaired. Movements in the provision for impairment of trade receivables were as follows:
| £m | |
| At 1 April 2007 | 24.7 |
| Charge for the year | 13.7 |
| Utilised | (11.1) |
| At 1 April 2008 | 27.3 |
| Charge for the year | 17.5 |
| Utilised | (13.1) |
| At 31 March 2009 | 31.7 |
At 31 March, the analysis of trade receivables overdue but not impaired is as follows:
| 0–3 months £m |
3–12 months £m |
12–24 months £m |
24–36 months £m |
36–48 months £m |
>48 months £m |
Total £m |
|
| 2009 | 0.5 | 23.9 | 10.3 | 5.3 | 2.6 | 0.4 | 43.0 |
| 2008 | 0.4 | 21.4 | 9.1 | 4.7 | 2.0 | 0.4 | 38.0 |
15. Cash and cash equivalents and short term cash deposits
For the purposes of the consolidated cash flow statement, cash and cash equivalents comprise the following at 31 March:
| 31.3.2009 £m |
31.3.2008 £m |
|
| Cash at bank and in hand | 40.0 | 92.3 |
| Short term deposits | 68.8 | 201.9 |
| 108.8 | 294.2 | |
| Bank overdrafts | (16.5) | (27.8) |
| Cash and cash equivalents | 92.3 | 266.4 |
| 31.3.2009 £m |
31.3.2008 £m |
|
| Short term cash deposits > 3 months | 120.8 | – |
| Short term cash deposits < 3 months | 39.8 | – |
| Short term cash deposits | 160.6 | – |
Short term cash deposits of £39.8 million, with a maturity of less than three months represent amounts on deposit at fixed rates with the Northumbrian Water Pension Scheme.
16. Trade and other payables
| 31.3.2009 £m |
31.3.2008 £m |
|
| Trade payables | 10.4 | 9.7 |
| Other payables | 19.2 | 16.7 |
| Interest payable | 35.9 | 38.7 |
| Accruals and deferred income | 82.3 | 87.8 |
| 147.8 | 152.9 |