United Utilities Group PLC Annual Report and Financial Statements 2016 unitedutilities.

com
Stock Code: UU.

14 Trade and other receivables

Strategic report
Group Company
2016 2015 2016 2015
£m £m £m £m
Trade receivables 175.1 176.6 – –
Amounts owed by subsidiary undertakings – – 62.5 61.2
Amounts owed by related parties (see note A6) 2.9 2.8 – –
Other debtors 54.4 22.6 – –
Prepayments and accrued income 137.5 153.8 – –
369.9 355.8 62.5 61.2

At 31 March 2016, the group had £2.5 million (2015: £2.5 million) of trade and other receivables classified as non-current.
The carrying amounts of trade and other receivables approximate their fair value.

our Governance
Trade receivables do not carry interest and are stated net of allowances for doubtful receivables, an analysis of which is as follows:

2016 2015
Group £m £m
At the start of the year 100.5 97.9
Amounts charged to operating expenses (see note 3) 39.2 52.9
Trade receivables written off (45.3) (50.3)
At the end of the year 94.4 100.5

At each reporting date, the group evaluates the recoverability of trade receivables and records allowances for doubtful receivables
based on experience.
At 31 March 2016 and 31 March 2015, the group had no trade receivables that were past due and not individually impaired.
The following table provides information regarding the ageing of net trade receivables that were past due and individually impaired:

Financial statements
Aged
between
Aged one Aged
less than year and greater than Carrying
one year two years two years value
Trade receivables £m £m £m £m
At 31 March 2016 127.0 37.5 5.1 169.6
At 31 March 2015 125.8 43.6 3.2 172.6

At 31 March 2016, the group had £5.5 million (2015: £4.0 million) of trade receivables that were not past due.
Company
At 31 March 2016 and 31 March 2015, the company had no trade receivables that were past due.
The directors consider that the carrying amount of trade and other receivables approximates to their fair value at 31 March 2016 and
Shareholder information

31 March 2015.

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