41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 229
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
227
OTHER INFORMATION
Trade and other receivables can be analysed as follows:
Group
Company
2022
£m
2021
£m
2022
£m
2021
£m
Trade receivables
31.8
27.9
–
–
Amounts due from joint ventures
46.9
56.8
–
–
Prepayments and accrued income
20.6
15.3
–
–
5.9
8.8
0.1
0.1
105.2
108.8
0.1
0.1
–
–
2,076.9
1,928.3
–
–
2,076.9
1,928.3
Note
Other receivables
Trade and other receivables (current)
Loans to Group undertakings (non-current)
Trade and other receivables (non-current)
5.6
The Group offers tenancy contracts to commercial (universities and retail unit tenants) and individual tenants based on
the academic year. The Group monitors and manages the recoverability of its receivables based on the academic year to
which the amounts relate. Rental income is payable immediately, therefore all receivables relating to tenants are past the
payment due date.
We do not anticipate there to be any expected credit loss on amounts receivable from joint ventures as these remain
highly profitable. Details of amounts due from Group undertakings to the Company are disclosed in note 5.6.
2022
Ageing by academic year
Total
£m
2022/23
£m
2021/22
£m
Prior years
£m
1.5
0.8
0.4
0.3
Individual tenants (past due)
45.9
33.9
2.8
9.2
Expected credit loss carried
(15.6)
(2.9)
(3.2)
(9.5)
31.8
31.8
Rental debtors
Commercial tenants (past due)
Trade receivables
–
–
2021
Ageing by academic year
Total
£m
2021/22
£m
2020/21
£m
Prior years
£m
Rental debtors
Commercial tenants (past due)
0.9
0.5
0.3
0.1
Individual tenants (past due)
41.9
31.3
3.7
6.9
Expected credit loss carried
(14.9)
(4.3)
(3.6)
(7.0)
Trade receivables
27.9
27.5
0.4
–
