2005/2006 - SANParks

2005South African National ParksNOTES TO THE ANNUAL FINANCIAL STATEMENTSfor the year ended 31 March 200631 March 2006R’00031 March 2005R’00012 InventoriesRetail goods and fuel 6,617 5,991Consumables 9,502 5,76816,119 11,75913 Receivables and prepaymentsConcession debtors 14,930 11,637Value Added Tax 1,433 8,475Trade receivables 10,212 12,243Other receivables 114 4,618Prepayments 251 19526,940 37,168Provision for doubtful debts (2,287) (2,291)24,653 34,87714 Cash and cash equivalentsExpanded Public Works Programme 113,154 156,602Special projects 87,619 93,577Land acquisition 13,606 14,609Insurance (Note 21) 10,000 10,000Operational 30,651 13,883255,030 288,671On 31 March 2006 the South African National Parks had short term generalbanking facilities that amounted to R25 million (2005 – R25 million). The interestrate on overdraft is prime. The facilities are unsecured.15 Non-current assets classified as held for saleCarrying amount after classifi cation as held for sale:Property, plant and equipment (Note 9) 7,643 -Net carrying amount of non-current assets held for sale 7,643 -During November 2005, the South African National Parks entered into asales agreement with Eurocopter Southern Africa (Pty) Ltd to purchase twonew helicopters, and for the seller to buy back the two existing helicopters atEuro 1 035 000 (R7 967 844 at reporting date). The delivery of the helicopterswill be on or before 31 December 2006.124