2016_Halma_ARA_160610_2

Notes to the Accounts continued
15 INVENTORIES
The above is stated net of provision for slow-moving and obsolete stock, movements of which are shown below:
Previous write-downs against inventory have been reversed as a result of increased sales in certain markets or where previously written
down inventories have been disposed.
There is no material difference between the balance sheet value of inventories and their cost of replacement. None of the inventory has
been pledged as security.
16 TRADE AND OTHER RECEIVABLES
The movement in the allowance for doubtful debts in respect of trade receivables during the year was as follows:
2 April
2016
£000
28 March
2015
£000
Raw materials and consumables 54,936 43,480
Work in progress 9,907 8,439
Finished goods and goods for resale 40,475 27,815
105,318 79,734
2 April
2016
£000
28 March
2015
£000
At beginning of the year 12,600 10,220
Amounts reversed against inventories previously impaired and utilisation (789) (307)
Write downs of inventories recognised as an expense 1,248 1,743
Recognition of provisions for businesses acquired 1,768 653
De-recognition of provisions for business disposed – (197)
Exchange adjustments 585 488
At end of the year 15,412 12,600
2 April
2016
£000
28 March
2015
£000
Trade receivables 164,249 141,551
Allowance for doubtful debts (4,238) (2,802)
160,011 138,749
Other receivables 7,508 5,293
Prepayments 16,023 12,083
Accrued income 77 339
183,619 156,464
2 April
2016
£000
28 March
2015
£000
At beginning of the year 2,802 2,353
Net impairment loss recognised 1,494 923
Amounts recovered against trade receivables previously written down (828) (641)
Recognition of provisions for businesses acquired 649 151
De-recognition of provisions for business disposed – (3)
Exchange adjustments 121 19
At end of the year 4,238 2,802
134 132
Halma plc Annual Report and Accounts 2016