NOTES TO THE FINANCIAL STATEMENTS continued
10. Deferred tax:// CONTINUED
The group’s deferred tax position is presented in the balance sheet as follows:
2018 $M
2017 $M
Deferred tax asset Deferred tax liability
(0.1)
(0.1)
486.7 486.6
475.6 475.5
Total
Policies
Deferred tax is: —— Recognised on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. —— Not recognised for the initial recognition of goodwill. —— Measured at tax rates that are expected to be applied to the temporary differences when they reverse.
11. Trade and other receivables://
2018 $M
2017 $M
Current Trade receivables Accrued revenues Interest receivable
71.6
77.4
105.5
101.9
17.3 11.7
13.2
Prepayments
9.9 3.9
Other
3.9
Balance at 30 June
210.0
206.3
Non-current Other
0.1 0.1
– –
Balance at 30 June
At 30 June, the exposure to credit risk for trade and other receivables by type of counterparty was as follows.
2018 $M
2017 $M
NOT CREDIT IMPAIRED
CREDIT IMPAIRED
NOT CREDIT IMPAIRED
CREDIT IMPAIRED
Business customers
60.1
0.7
56.1 11.2
0.1 0.1 2.9 0.3 3.4
Mass market customers Third party asset damages
4.4 0.4 5.2
–
3.9
2.1 7.7
Residential and other
–
Total gross carrying amount
70.1
4.6
77.1
Loss allowance
(0.1)
(3.0)
(0.2)
(2.9)
70.0
1.6
76.9
0.5
81
Vector://AR 18
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