Annual Report 2007/2008 - Umalusi

Notes to the Annual Financial Statements (continued)4. Trade and other receivablesTrade receivables 9 670 549 8 872 408Deposits 149 433 -Other receivables 216 357 493 09210 036 339 9 365 500Trade and other receivables impairedTrade and other receivables are reflected net of the provision for impairment.The amount of the provision for impairment of trade receivables was R 97 098 as of 31 March 2008(2007: R19 278).Reconciliation of provision for impairment of trade and other receivablesOpening balance 19 278 19 278Increase in provision for impairment 284 492 -Balance at year end 303 770 19 2782008R2007R5. Cash and cash equivalentsCash and cash equivalents consist of:Bank balances 1 460 436 299 580Short-term deposits 12 542 051 20 358 10714 002 487 20 657 6876. Trade and other payablesTrade payables 928 775 1 045 504Other payables 6 249 -Accrued leave pay 571 818 347 807Accrued bonus 223 787 557 153Other accrued expenses 1 114 049 170 694Unallocated receipts 297 236 -3 141 914 2 121 158Unallocated receipts represent direct deposits into Council’s bank account with no traceable reference. Theseamounts will be credited to revenue or accounts receivable once the deposits are traced.41 U M A L U S I A N N U A L R E P O R T 2 0 0 7 / 0 8