Trade and other receivables (Tables)

12 Months Ended

Dec. 31, 2023

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Summary of Trade and Other Receivables

All figures in £ millions	2023		2022
Current
Trade receivables		694		824
Royalty advances		1		1
Prepayments		233		200
Investment in finance lease receivable		18		17
Accrued income		13		15
Other receivables		91		82
		1,050		1,139
Non-current
Trade receivables		1		1
Royalty advances		4		5
Prepayments		8		12
Investment in finance lease receivable		82		104
Accrued income		2		2
Interest receivable		3		3
Other receivables		35		12
		135		139

Summary of Movements on Provision for Bad and Doubtful Debts

The movements in the provision for bad and doubtful debts are as follows:

All figures in £ millions	2023			2022
At 1 January		(69	)		(63	)
Exchange differences		2			(3	)
Income statement movements		3			(18	)
Utilised		9			12
Disposal of businesses		4			3
At 31 December		(51	)		(69	)

Summary of Ageing of Group's Trade Receivables

The ageing of the Group’s gross trade receivables is as follows:

All figures in £ millions	2023		2022
Within due date and one month past due date		564		663
One to three months past due date		83		118
Three to six months past due date		25		25
Six to nine months past due date		12		14
Nine to 12 months past due date		8		14
More than 12 months past due date		54		60
Gross trade receivables		746		894