- Financial Statements
Notes to the Consolidated Financial Statements
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for the year to 31 December 2007
18. Other financial assets
Trade and other receivables
| Current | Non-current | |||
| 2007 | 2006 | 2007 | 2006 | |
| £m | £m | £m | £m | |
| Trade receivables | 257.1 | 210.0 | 41.9 | 37.8 |
| Joint ventures | 9.0 | 9.6 | – | – |
| Currency and interest rate derivatives | – | – | 19.9 | 15.2 |
| Other receivables | 125.2 | 75.3 | 14.6 | 3.0 |
| 391.3 | 294.9 | 76.4 | 56.0 | |
The average credit periodtaken on sales is15 days (2006: 15days). An allowance hasbeen made for estimatedirrecoverable amounts from trade receivables of £2.2m(2006: £3.7m). This allowance has been determined by reference to past default experience.
Cash and cash equivalents
| 2007 | 2006 | |
| £m | £m | |
| Cash and cash equivalents | 130.0 | 236.5 |
Cash and cash equivalents comprise cash held by the Group and short-term bank deposits with an original maturity of three months or less. The carrying amount of these assets approximates their fair value.