Annual Report - Campus Living Villages

Campus Living Villages Annual Report 09/10 1 2 9
Campus Living Overseas Trust
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
A$’000
9. Trade and other receivables
June 2010 June 2009
Trade receivables 2,516 2,919
Provision for impairment of receivables (615) (20)
1,901 2,899
CLOT
Related party receivables 5,273 -
Other debtors 348 317
Total trade and other receivables 7,522 3,216
The movement of the provision is:
- Opening balance 20 552
- Impairments during the year 598 (532)
- Foreign exchange movements (3) -
Closing balance 615 20
The ageing of the impaired receivables are:
- Less than 60 days - -
- 61 to 90 days 3 -
- 91 days and greater 612 20
Total provision 615 20
The total trade receivables balance represents:
- Not past due and not impaired 554 2,324
- Past due and not impaired 1,347 575
- Past due and impaired 615 20
Total trade receivables 2,516 2,919
The ageing of the past due and not impaired receivables are:
- Less than 60 days 139 -
- 61 to 90 days 43 382
- 91 days and greater* 1,165 193
Total past due and not impaired receivables 1,347 575
*This amount is predominantly from the US management entity. The US management policy is to only write-off debtors if the student
has vacated the room and has not paid the amount due.
10. Other current assets
June 2010 June 2009
Prepayments 850 286
Tender and deposits 42 19
Total other current assets 892 305