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30Ambrian Capital plcAnnual Report & Accounts 2009Notes forming part of the consolidated financial statements (continued)for the year ended 31 December 200912 Financial assets at fair value through profit or lossListed:Investment portfolio 2,367,987 1,220,607Market making positions 990,523 280,010Options in quoted entities 755,808 –2009£2008£Unlisted:Investment portfolio 161,916 280,656LME holding 422,500 495,000Royalty – 298,393Options in unlisted entities – 7,747UK equity previously held by Nabarro Wells & Co. Limited – 53,7224,698,734 2,636,135All amounts presented in respect of listed securities have been determined directly by reference to published price quotations on the London,Australian, US and Canadian Stock Exchanges.All amounts presented in respect of unlisted securities have been determined with reference to financial information available at the time of theoriginal investment updated to reflect all relevant changes to that information at the reporting date. This determination requires significantjudgement in determining changes to fair value since the last valuation date. In making this judgement the Group evaluates, among otherfactors, changes in the business outlook affecting a particular investment, performance of the underlying business against original projectionsand valuations of similar quoted companies.13 InventoryGoods for resale 58,551,732 9,008,759Inventory represents physical metals which are valued at fair value less cost to sell. Inventory represents a combination of metals in warehouseand goods in transit. Inventory has increased in 2009 due to the increased number of forward sales that will be recognised in 2010.14 Trade and other receivablesAmounts falling due within one yearTrade receivables 38,754,267 25,548,633Other receivables 2,636,589 1,781,208Prepayments and accrued income 134,476,741 3,248,248Other taxes and social security 31,086 –175,898,683 30,578,089The carrying value of trade receivables which is considered a reasonable approximation of fair value, includes amounts greater than threemonths but not more than one year past due of £118,573 (2008: £228,949). All amounts past due included in the carrying value are consideredrecoverable. Accordingly, no provision is made for impairment of these trade receivables.Trade and other receivables have substantially increased from 2008 to 2009 due to an increase in the volume of activity of the physical metalsbusiness. Prepayments and accrued income principally represent sales of metals that will be recognised in 2010. At the reporting dateownership of the metals had not transferred to the purchasing counterparty.15 Cash and cash equivalentsCash and cash equivalents includes amounts of £13,463,398 (2008: £24,561,062) held as deposits on trading positions and on behalf of thirdparties.Within the above amounts held as deposits on trading positions, there is a potential restriction in the use of £4,203,770 (2008: £11,993,088)cash to the extent that contracts for the future physical delivery of metals move to a liability position due to adverse market price movements.Where the bank has an exposure in connection with that liability it has the right to withhold repayment of these cash deposits. This relates tothe business of Ambrian Metals Limited.2009£2009£2008£2008£