ARTA Annual Report 2009 - Auckland Transport

5 Trade and Other Receivables
2009 2008
$000 $000
Trade debtors 553 468
Less: Provision for impairment 0 0
Net trade debtors 553 468
Other receivables:
Receivables from related parties – ARC 28,975 38,562
Accrued income 13,335 11,498
Prepayments 0 15
GST receivable 494 0
Total trade and other receivables 43,357 50,543
Debtors and other receivables are non-interest bearing and receipt is normally on 30 day terms, therefore,
the carrying value approximates their fair value.
2009 – 93% of trade receivables are 30 days or less, 3% are 60 days, 4% are 90 days or over.
2008 – 66% of trade receivables are 30 days or less, 12% are 60 days, 22% are at 90 days or over.
Impaired Receivables – Trade
In 2009 there is no impairment of trade or other receivables and as such there is no impairment provision.
In 2008 there was no impairment of trade or other receivables and as such there was no impairment provision.
103