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AFRICAN DAWN Annual Report 2016

continued Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 37. Risk management Risk (continued) Trade and other receivables - impairment reconciliation Group 2016 2015 Less actual write off 66,489 102,313 Plus additional impairment provisions 1,906 12,999 Less actual write off (49,055) (10,140) Elite 2 debtors impairment/Nexus disposal (406) (38,683) 18,934 66,489 The company does not have a provision for impairment Group 2016 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables 15,279 200 - - Group 2015 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables 15,926 381 39 1,423 Company 2016 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables - - - - Company 2015 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables - - - - Ageing of those financial assets that are impaired: Group 2016 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables 10,849 1,558 859 16,809 Group 2015 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables 5,893 5,000 2,974 70,117 Ageing of those financial assets that are passed due but not impaired Group 2016 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables 17 97 88 8,109 Other receivables - - - - Group 2015 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables 19 89 10 53 Company 2016 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables - - - - Company 2015 R’000 Current 30-60 days 60-90 days 90 + days Trade receivables - - - - Credit quality information for financial assets that are neither past due nor impaired 102 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
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