47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 175
Strategic Report
Corporate Governance
Accounts
The Group writes off a trade receivable when there is information that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor
has been placed under liquidation or has entered into bankruptcy proceeding. None of the trade receivables that have been written off are subject to enforcement activities.
The maximum exposure for both the Group and the Company to credit risk for trade receivables are the balances in the table above.
The following table details the risk profile of trade receivables based on the Group’s provision matrix. As the Group’s historical credit loss experience does not show significantly
different loss patterns for different customer segments, the provision for loss allowance based on past due status is not further distinguished between the Group’s different
customer base.
The Group and Company’s most significant customer, a UK major customer, accounts for £13.7m of the trade receivables carrying amount at 25 January 2025
(28 January 2024: £15.0m).
Trade receivables – days past due
Group – 25 January 2025
Expected credit loss rate
Expected total gross carrying amount at default
Lifetime ECL
Not past due
£m
90
£m
Total
£m
0.1%
70.5
0.8%
1.7
12.5%
1.0
10.6%
0.1
22.0%
0.3
0.1
–
0.1
–
0.1
0.3
Not past due
£m
90
£m
Total
£m
0.1%
56.7
0.2%
1.9
5.6%
0.6
1.8%
0.2
3.2%
0.5
0.1
–
–
–
–
0.1
Not past due
£m
90
£m
Total
£m
0.1%
62.9
1.2%
0.9
13.2%
0.3
26.5%
–
32.7%
0.2
0.1
–
0.1
–
0.1
0.3
Not past due
£m
90
£m
Total
£m
0.1%
42.9
0.8%
0.2
14.2%
0.2
28.5%
–
35.6%
–
0.1
–
–
–
–
Trade receivables – days past due
Group – 28 January 2024
Expected credit loss rate
Expected total gross carrying amount at default
Lifetime ECL
Trade receivables – days past due
Company – 25 January 2025
Expected credit loss rate
Expected total gross carrying amount at default
Lifetime ECL
Trade receivables – days past due
Company – 28 January 2024
Expected credit loss rate
Expected total gross carrying amount at default
Lifetime ECL
0.1
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