Urenco Annual Report 2022

8. Trade and other receivables 31/12/22 €m 31/12/21 €m Amounts due from Group undertakings (<12 months) 146.1 184.8 Amounts due from Group undertakings (>12 months) 3,236.6 3,228.8 Other receivables 6.3 4.8 Corporation tax receivable 87.6 93.8 Prepayments and accrued income 35.2 35.3 3,511.8 3,547.5 The amounts due from Group undertakings include intercompany current accounts and intercompany loan balances; the majority of these are subject to interest. The average annual rate prevailing in the year was 2.33% (2021: 1.39%) on current balances and 2.40% (2021: 2.17%) on non-current balances. The maturity dates of the non-current balances vary from 2023 to 2058. The amounts due from Group undertakings are stated net of a provision for expected credit losses of €4.3 million (2021: €0.2 million) which has been offset against the intercompany current account and €4.0 million (2021: €18.1 million), which has been offset against the intercompany loan balances. Prepayments and accrued income includes interest accrued on intercompany receivables of €25.5 million (2021: Restated €25.2 million). 9. Short term deposits 31/12/22 €m 31/12/21 €m Short term deposits 572.8 366.7 Short term bank deposits comprise deposits which are not readily convertible to a known amount of cash or are subject to a more than insignificant risk of changes in value. Generally these are deposits with an original maturity of more than three months and with an end date less than 12 months from the date of the statement of financial position. 10. Cash and cash equivalents 31/12/22 €m 31/12/21 €m Cash 57.6 142.7 Cash equivalents 524.9 382.6 Total cash and cash equivalents 582.5 525.3 Cash comprises cash at bank and in hand. Cash at bank earns or pays interest at floating rates based on the banks’ current account rates. Cash equivalents comprise on demand deposits, together with short-term highly liquid investments that are readily convertible to a known amount of cash and that are subject to an insignificant risk of changes in value. The carrying amount of these assets approximates to their fair value. 11. Interest bearing loans and borrowings 31/12/22 €m 31/12/21 €m Bank and other loans repayable: Greater than 5 years: Yen 20 billion Loan Agreement 6.24% 142.5 152.8 Total non-current 142.5 152.8 The outstanding amount of the loan has the additional protection of cross guarantees from the Urenco subsidiary companies Urenco Deutschland GmbH, Urenco UK Limited, Urenco Nederland B.V., Urenco Finance N.V., Urenco Enrichment Company Limited, Urenco USA Inc., Louisiana Energy Services LLC, Urenco USA Holdings Limited and Urenco ChemPlants Limited. Financial statements Notes to the Company Financial Statements continued For the year ended 31 December 2022 174 Urenco Annual report and accounts 2022 Financial statements 03