Notes to the consolidated financial statements

19. Trade and other receivables

					2009 £m	2008* £m
Trade receivables					1,569	1,158
Other receivables					47	80
Commodity contract assets					41	78
Prepayments and accrued income					1,015	949
					2,672	2,265

*

Comparatives have been restated for the finalisation of the fair value exercise on the acquisition of KeySpan Corporation (see note 28)

Trade receivables are non interest-bearing and generally have a 30-90 day term. Due to their short maturities, the fair value of trade and other receivables approximates their book value. Commodity contract assets are recorded at fair value. For further details of commodity risk, refer to note 34. All other receivables are recorded at amortised cost.

Provision for impairment of receivables

					2009 £m	2008* £m
At 1 April					159	102
Exchange adjustments					72	(1)
Charge for the year, net of recoveries					206	108
Acquisition of subsidiary undertaking					–	41
Uncollectable amounts written off against receivables					(134)	(91)
At 31 March					303	159

*

Comparatives have been restated for the finalisation of the fair value exercise on the acquisition of KeySpan Corporation (see note 28)

As at 31 March 2009, trade receivables of £283m (2008: £188m) were past due but not impaired. The ageing analysis of these trade receivables is as follows:

					2009 £m	2008 £m
Up to 3 months past due					160	100
3 to 6 months past due					45	36
Over 6 months past due					78	52
					283	188

For further information on our wholesale and retail credit risk, refer to note 33. For further information on our commodity risk, refer to note 34.

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