20645_Scapa_AR_160504

NOTES ON THE ACCOUNTS CONTINUED
FINANCIAL STATEMENTS
17. TRADE AND OTHER RECEIVABLES CONTINUED
The carrying amounts of these receivables are denominated in the following currencies:
Pounds Sterling 5.2 4.6
US Dollars 20.5 20.0
Euros 17.7 14.9
Other 4.5 6.5
47.9 46.0
2016
£m
2015
£m
At the year end, the following trade receivables balances were overdue but not impaired:
Less than 1 month 2.3 0.3
Between 1 and 3 months 0.1 –
Greater than 3 months 0.2 –
2.6 0.3
2016
£m
2015
£m
Overdue analysis includes impact of foreign exchange movements. Historically customer default is low. The credit quality of the year end
receivables balance is considered high. As such all of the above amounts are considered recoverable.
The movement in the impairment provision for trade receivables is as follows:
Opening provision at 1 April 2015 1.3 0.8
Charge for the year 1.1 0.6
Receivables written off in the year (0.1) (0.1)
Closing provision at 31 March 2016 2.3 1.3
2016
£m
2015
£m
Included in the impairment provision are individually impaired trade receivables with a gross balance of £2.3m (2015: £1.3m). The impairment
recognised represents the difference between the carrying amount of these trade receivables and the present value of the expected proceeds.
Ageing of impaired trade receivables:
Greater than 3 months 2.3 1.3
2016
£m
2015
£m
2.3 1.3
18. CASH AND CASH EQUIVALENTS
Cash and bank overdrafts include the following for the purposes of the Cash Flow Statement:
2016
£m
2015
£m
Cash and cash equivalents 18.7 16.7
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Scapa Group plc Annual Report and Accounts 2016
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ANNUAL REPORT AND ACCOUNTS 2016 SCAPA GROUP PLC