Deferred items comprise €34 million (31 December 2006: €29 million) of prepaid expenses that will impact on profit or loss in future periods but have already been paid.

With respect to trade accounts receivable that are neither impaired nor past due, there are no indications that the debtors will not meet their payment obligations. Of the total trade receivables 85% are neither past due nor impaired, 11% are between 1 and 29 days overdue, 1% are between 30 and 89 days overdue and 3% are more than 90 days overdue.