Annual Report for the year ended 31 December 2008

22. tRade and otHeR ReCeiVaBles
notes to tHe FinanCial statements CONTINuED
FOR THE YEAR ENDED 31 DECEMBER 2008
66 The evoluTion Group plc AnnuAl reporT & AccounTs 2008
2008 2007
£'000 £'000
CuRRENT
Trade receivables 5,587 7,938
less: provision for impairment of trade receivables (384) (666)
Trade receivables – net 5,203 7,272
counterparty receivables 40,460 74,940
less: provision for impairment of counterparty receivables (1,454) (1,394)
counterparty receivables – net 39,006 73,546
other receivables 10,708 7,888
prepayments and accrued income 3,796 3,593
58,713 92,299
NON CuRRENT
Deposits – 35
58,713 92,334
The opening provision for impairment of trade receivables was £666,000 (2007: £631,000), with a credit to the income statement in 2008 of £282,000 for
the release of provisions (2007: £142,000). no amounts were utilised in the year (2007: £107,000). This has resulted in a closing provision for impairment of
receivables of £384,000 (2007: £666,000).
The provision for impairment of counterparty receivables is £1,454,000 (2007: £1,394,000). During the year there has been a charge to the income
statement of £60,000 (2007: nil) and no amounts utilised (2007: nil).
23. aVailaBle-FoR-sale FinanCial assets
2008 2007
£'000 £'000
At 1 January 680 1,926
Additions 1,000 –
Fair value additions of shares received in lieu of corporate finance income 27 –
1,707 1,926
Disposals of available-for-sale financial assets at fair value – (1,385)
revaluation (deficit)/surplus transfer to equity (note 31) (651) 139
At 31 December
AVAILABLE-FOR-SALE FINANCIAL ASSETS INCLuDE THE FOLLOwING:
listed securities:
1,056 680
equity securities – uK
unlisted securities:
167 606
equity securities – uK 889 74
1,056 680