RWS AR 23 Final Single pages - Flipbook - Page 138
Notes to the Consolidated Financial Statements (continued)
The following table provides information about the exposure to
credit risk for trade receivables at 30 September 2022:
Not past due
Gross
amount
£m
Loss
allowance
£m
Net amount
£m
114.8
-
114.8
Past due 1-30 days
19.3
-
19.3
Past due 31-60 days
7.8
-
7.8
Past due 61-90 days
3.6
-
3.6
Past due > 90 days
Movement in expected credit loss provisions:
At 1 October
Utilised
Charge for the year
Exchange adjustment
At 30 September
5.7
(2.3)
3.4
151.2
(2.3)
148.9
Trade
debtors
2023
Accrued
income
2023
Trade
debtors
2022
Accrued
income
2022
2.3
0.5
2.6
0.7
(0.6)
-
(1.3)
-
0.2
-
0.8
-
(0.1)
-
0.2
(0.2)
1.8
0.5
2.3
0.5
16. LOANS
Accounting policy
Loans are recognised initially at fair value, less directly attributable transaction costs. Subsequent to initial recognition,
loans are stated at amortised cost using the e昀昀ective interest method. Loans are classi昀椀ed as current, unless the
Group has the discretion to roll over an obligation for a period of at least 12 months under an existing loan facility.
Directly attributable transaction costs are capitalised into the loans to which they relate and are amortised using the
e昀昀ective interest rate method.
When an existing loan facility is replaced by another from the same lender on substantially di昀昀erent terms, or the
terms of an existing loan are substantially modi昀椀ed, such an exchange or modi昀椀cation is treated as the derecognition
of the original liability and the recognition of a new liability. The di昀昀erence in the respective carrying amounts is
recognised in the pro昀椀t or loss in the statement of comprehensive income.
2023
£m
2022
£m
Loan
54.7
32.2
Issue costs
(2.1)
(2.9)
At 30 September
52.6
29.3
Due in more than one year
Analysis of net debt 30 September 2023
Cash and cash equivalents
Issue costs
Loans (current and non-current)
Net debt excluding lease liabilities ("Net debt”)
Lease liabilities
Net debt including lease liabilities
138
At 1 October
£m
Acquired
£m
Cash 昀氀ows
£m
Non-cash
charges
£m
At 30 September
£m
101.2
3.3
(23.1)
(5.2)
76.2
2.9
-
-
(0.8)
2.1
(32.2)
-
(24.0)
1.5
(54.7)
71.9
3.3
(47.1)
(4.5)
23.6
(46.7)
(0.3)
11.9
1.6
(33.5)
25.2
3.0
(35.2)
(2.9)
(9.9)
RWS Holdings plc — Annual Report 2023 NOTES TO THE CONSOLIDATED STATEMENTS
