45. Trade and other receivables
2019 | 2018 | |
|---|---|---|
€m | €m | |
Amounts due from subsidiary companies (note 52) | 83.7 | 151.8 |
Prepayments | 28.9 | 29.2 |
Other receivables | 0.3 | 0.4 |
112.9 | 181.4 |
Amounts due from subsidiary companies are interest free and repayable on demand. The reduction in amounts due from subsidiary companies of €68.5 million was partly applied in reducing amounts due to subsidiary companies (note 50). The Company has assessed credit losses as if the receivable had been demanded at the date of financial position. As all amounts are due from subsidiaries which were in a net asset position and the Company concluded that no provision for credit losses was required.