Annual Report 10/11 - ACL Cables PLC

ACL Cables PLC Annual Report 2010/11Notes to the Financial Statements19. Receivables and pre-paymentsGroupAs at 31 MarchCompanyAs at 31 March2011 2010 2011 2010Trade receivables 2,325,033,941 1,759,754,057 1,310,789,146 857,267,049Provision for doubtful debts [Note 19 (i)] (130,219,913) (118,325,227) (79,994,761) (70,000,000)2,194,814,028 1,641,428,830 1,230,794,385 787,267,049Receivable from relatedcompanies [Note 35.9 (b)] - - 139,832,144 64,527,999Loan given to relatedcompanies [Note 35.9 (c)] - - 32,075,221 63,259,924Advance and pre-payments 33,384,949 26,129,250 19,075,072 18,834,652Other receivables 685,703,499 593,863,464 502,936,019 372,119,6232,913,902,476 2,261,421,544 1,924,712,841 1,306,009,247Value of book debts of ACL Cables PLC and Kelani Cables PLC have been pledged as security for bank facilities obtained.GroupAs at 31 MarchCompanyAs at 31 March2011 2010 2011 201019. (i) Provision for doubtful debtsBalance at 1 April 118,325,227 66,003,054 70,000,000 40,000,000Provision for the year 13,622,914 52,322,173 9,994,761 30,000,000Debts written-off (1,728,228) - - -Balance at 31 March 130,219,913 118,325,227 79,994,761 70,000,00020. Cash and cash equivalentsCash at bank and in hand 304,862,658 340,753,935 26,460,900 22,022,707Short term deposits 77,229,219 544,128,188 206,908,168 537,160,888382,091,877 884,882,123 233,369,068 559,183,594For the purposes of the cash flow statement, the year end cash and cash equivalents comprise the following:GroupAs at 31 MarchCompanyAs at 31 March2011 2010 2011 2010Cash and cash equivalents 382,091,877 884,882,123 233,369,068 559,183,594Bank overdraft (Note 22) (666,442,008) (785,024,465) (345,380,951) (389,001,083)(284,350,131) 99,857,658 (112,011,883) 170,182,51170