annual report 2010 - 2011 - Intsika Yethu Municipality
annual report 2010 - 2011 - Intsika Yethu Municipality
annual report 2010 - 2011 - Intsika Yethu Municipality
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3 TRADE RECEIVABLES FROM EXCHANGE TRANSACTIONS<br />
Trade debtors 309 186 1 201 570<br />
309 186 1 201 570<br />
Credit quality of trade and other receivables<br />
Trade and other receivables consists of:<br />
Trade receivables<br />
Amounts included under trade receivables from exchange<br />
transactions<br />
Amounts included under other receivables from nonexchange<br />
transactions<br />
309 186 1 201 570<br />
621 802 1 215 487<br />
930 988 2 417 057<br />
The following represents information on the credit quality<br />
of trade receivables that are neither past due nor<br />
impaired:<br />
Trade receivables<br />
Counterparties with external credit rating<br />
A (Government accounts) 139 648<br />
B (Businesses) 316 536<br />
C (Domestic and other) 474 804<br />
930 988<br />
Analysis of table:<br />
A - The debtors are of good credit quality and no default<br />
in payment is expected.<br />
B - The debtors are usual good payers, but there is a<br />
possibility that the debtor may not be able to pay on<br />
time.<br />
C - These debtors usually pay, but have previously paid<br />
late and therefore there is a possibility that these debtors<br />
will not be recoverable.<br />
Trade and other receivables past due but not impaired<br />
The ageing of amounts past due but not impaired is as<br />
follows:<br />
Trade receivables 930 988 2 417 057<br />
1-30 days past due - -<br />
31-60 days past due 246 697 170 806<br />
61 - 90 days past due 684 291 2 246 251<br />
930 988 2 417 057<br />
INTSIKA YETHU LOCAL MUNICIPALITY / 64
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