Annual Report - Campus Living Villages

Campus Living Villages Annual Report 09/10 7 1
Campus Living Australia Trust
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
A$’000
7. Trade and other receivables
June 2010 June 2009
Trade receivables 1,588 660
Provision for impairment of receivables (38) -
1,550 660
CLAT
Other debtors 320 303
Total trade and other receivables 1,870 963
The movement in the provision is:
Opening balance - -
Impairments during the year 38 -
Closing balance 38 -
The ageing of the impaired receivables are:
Less than 60 days 4 -
61 to 90 days - -
91 days and greater 34 -
Total provision 38 -
The total trade receivables balance represents:
Not past due and not impaired 1,142 579
Past due and not impaired 408 81
Past due and impaired 38 -
Total trade receivables 1,588 660
The ageing of the past due and not impaired receivables are:
Less than 60 days 138 45
61 to 90 days 39 13
91 days and greater 231 23
Total past due and not impaired receivables 408 81
8. Other current assets
June 2010 June 2009
Prepayments 754 550
Deposits 2 9
Total other current assets 756 559
9. Non-current receivables
June 2010 June 2009
Loan to CAPL - 32
Total non-current receivables - 32
Loans to group companies and Carillon Avenue Proprietary Limited (“CAPL”) are carried at amortised cost less any impairment. None
of the loans are impaired or past due. These loans bear interest at rates that approximate current market interest rates. The fair
values of the loans, based on cash flows discounted at current market interest rates, approximate the fair value.