|
2022 |
2021 |
|
€m |
€m |
Amounts due from subsidiary companies (note 47) |
1.1 |
54.3 |
Prepayments – deposit on vessel |
- |
3.2 |
Other receivables |
0.3 |
0.3 |
|
1.4 |
57.8 |
Amounts due from subsidiary companies are repayable on demand. The Company has assessed credit losses as if the receivable had been demanded at the statement of financial position date. As all amounts are due from subsidiaries which were in a net asset position at the reporting date, the Company concluded that no allowance for credit losses was required as it would be immaterial.