47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 174
A.G. BARR p.l.c. Annual Report and Accounts 2025
N OTE S
TO TH E
ACCO U NT S
CO N TI N U ED
17. Cash and cash equivalents
Cash and cash equivalents
Group
Company
2025
£m
2024
£m
2025
£m
2024
£m
21.4
33.6
16.7
22.4
2025
£m
2024
£m
2025
£m
2024
£m
10.1
21.6
11.6
24.9
10.1
17.7
11.6
16.5
31.7
36.5
27.8
28.1
Cash and cash equivalents in the table above are included in the cash flow statements.
18. Inventories
Materials
Finished goods
Group
Company
19. Assets classified as held for sale
Group and Company
£m
Balance at 29 January 2023 and 28 January 2024
Net book value of assets transferred from property, plant and equipment
Impairment charge
Disposed of in period
–
3.2
(1.6)
(0.7)
Balance at 25 January 2025
0.9
The closure of the Barr Direct business resulted in a number of vehicles on the balance sheet with no estimated useful life. Following an assessment of fair value less costs
to sell, an impairment charge of £1.6m has been recognised. A number of these vehicles have been sold and the remaining assets are actively being marketed.
20. Trade and other receivables
Group
Company
2025
£m
2024
£m
2025
£m
2024
£m
Trade receivables
Less: loss allowance
73.6
(0.3)
59.9
(0.1)
64.3
(0.3)
43.3
(0.1)
Trade receivables – net
Prepayments
Amounts due by subsidiary companies
73.3
3.5
–
59.8
4.0
–
64.0
3.6
2.2
43.2
3.7
2.3
76.8
63.8
69.8
49.2
Trade receivables
The average credit period on sales of goods is 60 days. No interest is charged on outstanding trade receivables.
The Group always measures the loss allowance for trade receivables at an amount equal to lifetime expected credit losses (ECL). The ECL on trade receivables are estimated
using a provision matrix by reference to past default experience on the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific
to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions
at the reporting date. Accordingly, the credit risk profile of these assets is presented based on their past due status in terms of the provision matrix.
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