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14 Inventories
2010 2009
£m £m
Consolidated
Raw materials 4.9 5.0
Work in progress 0.8 0.7
Finished goods and goods for resale 393.3 346.6
399.0 352.3
The cost of inventory recognised as an expense by the group in the period was £4,460.4m (2009: £4,195.4m). Provisions against inventories of £0.2m were credited (2009: £3.1m charged) in operating expenses.
15 Trade and other receivables
2010 2009
Consolidated £m £m
Amounts falling due within one year:
Trade receivables 65.6 45.8
Other receivables 44.7 43.4
Prepayments 57.3 49.9
167.6 139.1
Amounts falling due after more than one year:
Prepayments 42.5 44.4
Trade receivables are non interest bearing and generally on credit terms of less than 90 days. Concentrations of credit risk are considered to be very limited. The carrying amount of trade and other receivables approximates to fair value and is denominated in sterling.
As of 30 January 2010, trade and other receivables of £0.8m (2009: £1.0m) were impaired and fully provided for. Movements in the provision for impairment of receivables were as follows:
2010 2009
£m £m
At start of period (1.0) (0.7)
Charged to income statement (0.1) (0.4)
Utilised – –
Released 0.3 0.1
At end of period (0.8) (1.0)
The creation and release of the provision for impaired receivables have been included in operating expenses in the income statement.
As of 30 January 2010, trade and other receivables of £15.1m (2009: £8.5m) were past due but not impaired. The ageing analysis of the past due amounts is as follows:
2010 2009
£m £m
Up to 3 months past due 9.0 7.3
3 to 12 months past due 5.5 0.9
Over 12 months past due 0.6 0.3
15.1 8.5
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