Entire Document - Chris Hani District Municipality

“Correction of Error” for details of the restatement.The average credit period for Government Grants and Subsidies is dependent on theGovernment Department involved and the nature of the claim. No interest is chargedon outstanding Government Grants and Subsidies. The subsidies are payable to themunicipality due to allocations made in the DORA or based on agreements betweenthe municipality and the relevant departments.Short-term Loans mainly comprise temporary advances made to local municipalitieswhich are repayable within 12 months.Included in Sundry Deposits is an amount of R1 486 347 (2011: R1 112 121) inrespect of cash deposits made to Eskom for the supply of electricity.Sundry Debtors are in respect of debits outstanding at year-end on normal businesstransactions entered into by the municipality. Included in the total is an amount ofR4 890 (2011: R3 764) in respect of uncleared bank reconciliation items.Chapter 4The municipality does not hold deposits or other security for its Other TradeReceivables.None of the Other Trade Receivables have been pledged as security for themunicipality’s financial liabilities.5.1 Ageing of Trade Receivables from Non-exchange TransactionsAs at 30 June 20122012 2011RRCurrent Past Due Total0 - 30 days 31 - 60 Days 61 - 90 Days + 90 DaysPayments made inAdvance:Gross Balances 23 128 146 - - - 23 128 146Less: Provision forImpairment3 287 149 - - - 3 287 149Net Balances 19 840 998 - - - 19 840 998Government SubsidyClaims:Gross Balances - - - - -115