AmazonScience/document-haystack

118 Trade and other receivables (continued)2Trade and other receivables are presented on the Balance Sheet as follows:32023  4£m52022 6£m7Current 503.2 500.38Non-current 31.8 38.69Total 535.0 538.910Trade and other receivables are non-interest bearing and are generally on 30–90 day terms. Trade and other receivables are reviewed 11for impairment on an ongoing basis, taking account of the ageing of outstanding amounts and the credit profile of customers. 12Impaired receivables, including all trade receivables that are a year old, are provided for in an allowance account. Impaired receivables 13are derecognised when they are assessed as irrecoverable. The expected credit losses arising from receivables are not considered to 14be significant. 15The balance of other receivables consists of the receivable for Greek tax of €34.9m (2022: €34.9m), amounts receivable from payment 16service providers of £176.0m (2022: £149.8m), and other smaller items such as regulatory deposits, security deposits, rent deposits and 17balances due from affiliates and partners. The Group does not perceive there to be a material credit risk against these items. 1819 Cash and cash equivalents 192023  20£m212022 22£m23Cash and short-term deposits 400.6 658.524Cash and cash equivalents in the consolidated statement of cash flows comprises cash at bank, overdrafts net of short-term investments 25and includes £154.6m (2022: £52.1m) restricted in respect of customers.2620 Trade and other payables27202328  29£m30202231Restated 1 32£m33Trade payables 56.9 64.434Other payables 1 719.9 135.435Social security and other taxes 197.6 181.036Accruals 338.0 339.2371,312.4 720.0381. Restatement of prior year intangible valuations increasing prior year other payables by £0.2m has been made in relation to the prior year SuperSport acquisition during the 39subsequent measurement period. See Note 32 for further details.40Trade and other payables are presented on the Balance Sheet as follows:41202342 43£m44202245Restated 1 46£m47Current 878.6 720.048Non-current 433.8 –49Total 1,312.4 720.050HMRC settlement liability within other payables51On 5 December 2023, Entain plc entered into a Deferred Prosecution Agreement (“DPA”) with the Crown Prosecution Service (“CPS”) in 52relation to historical conduct of the Group, thereby resolving the HM Revenue & Customs (“HMRC”) investigation into the Group. 53The DPA relates to alleged offences under Section 7 of the Bribery Act 2010 and, in particular, a failure by the Company to have adequate 54procedures in place to prevent bribery in relation to its legacy Turkish-facing business. The Turkish-facing business was sold by a former 55management team in 2017.56Under the terms of the DPA, the Group has agreed to pay a financial penalty plus disgorgement of profits totalling £585 million, to 57make a charitable donation of £20 million and to pay a contribution of £10 million to HMRC’s and the CPS’s costs. The financial penalty, 58disgorgement of profits and the charitable donation will be paid in instalments over the term of the DPA, which will be four years from 59the date of the DPA. During the current financial year, the Group has provided for £585m representing the discounted value of all future 60payments over the four-year term.61Since the conduct giving rise to the DPA, the Group has undertaken a comprehensive review of its anti-bribery policies and procedures 62and has taken decisive action to significantly strengthen its wider compliance programme and related controls. Recognition of the 63significant improvements made by the Company is an integral feature of achieving a DPA.641 Overview 8 Strategic report 88 Governance 140 Financial statements65Entain plc Annual Report 202318866Notes to the consolidated  67financial statements 68for the year ended  6931 December 2023