Notes to the consolidated accounts

14 Trade and other receivables

Trade and other receivables	€ million 2007	€ million 2006
Due within one year
Trade receivables	2 965	3 054
Prepayments and accrued income	467	441
Other receivables	762	759
	4 194	4 254

Credit terms for customers are determined in individual territories. Concentrations of credit risk with respect to trade receivables are limited, due to the Group's customer base being large and diverse. Our historical experience of collecting receivables, supported by the level of default, is that credit risk is low across territories and so trade receivables are considered to be a single class of financial assets. Other receivables comprise loans and receivables of €362 million (2006: €413 million) and other non-financial assets of €400 million (2006: €346 million).

Ageing of trade receivables	€ million 2007	€ million 2006
Total trade receivables	3 112	3 214
Less impairment provision for trade receivables	(147)	(160)
	2 965	3 054
Of which:
Not overdue	2 240	2 433
Past due less than three months	649	534
Past due more than three months but less than six months	85	82
Past due more than six months but less than one year	57	53
Past due more than one year	81	112
Impairment provision for trade receivables	(147)	(160)
	2 965	3 054

Impairment provision for trade and other receivables – movements during the year	€ million 2007	€ million 2006
1 January	180	258
Charged to current year income statement	39	38
Reductions/releases	(40)	(107)
Currency retranslation	(3)	(9)
31 December	176	180