Report & Accounts - JLT

18. Employee benefit trustAt 31st December 2005Opening net book amount 2,566Additions 843Amortisation charge (762)Closing net book amount 2,647At 31st December 2005Cost 5,028Accumulated depreciation (2,381)Closing net book amount 2,647At 31st December 2004Opening net book amount 2,197Additions 1,053Charge for the year (684)Closing net book amount 2,566At 31st December 2004Cost 4,185Accumulated depreciation (1,619)Closing net book amount 2,566At 31st December 2003Cost 3,132Accumulated depreciation (935)Closing net book amount 2,19719. Trade and other receivables£’0002005 2004£'000 £'000Current receivables and prepaymentsTrade receivables 115,042 108,783Less: Provision for bad debt (17,858) (16,314)Trade receivables - net 97,184 92,469Other debtors 50,577 46,481Prepayments 5,815 5,46320. Cash & cash equivalents153,576 144,4132005 2004£'000 £'000Cash at bank and in hand 101,296 102,919Short term bank deposits 199,102 178,884300,398 281,803The effective interest rate in respect of short-term deposits was 3.9% (2004: 3.1%). These deposits have an average maturity of 27 days.21. Trade and other payables2005 2004£'000 £'000Insurance creditors 308,664 309,775Social security and other taxes 7,855 6,702Other creditors 52,077 56,813Accruals and deferred income 49,043 42,031417,639 415,321Financial Statements Jardine Lloyd Thompson Group plc Annual Report & Accounts 200579