Brand-South Africa - Annual report 2015 - 2016
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand. Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand.
Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
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and south africa <strong>Annual</strong> Report <strong>2015</strong>/<strong>2016</strong><br />
10. Receivables from exchange transactions<br />
<strong>2016</strong><br />
R<br />
<strong>2015</strong><br />
R<br />
Trade receivables (i) 140 849 1 624 701<br />
Income accrued 127 978 7 528<br />
Staff debt 162 233 284 839<br />
Other receivables (ii) 101 174 67 447<br />
(i) The trade receivables amount reflected above is after an allowance for impairment of R 666 531 as<br />
reflected below. The significant decrease in receivables is attributable to the reduction in transactions<br />
with related parties during the current financial year as disclosed in more detail in note 27 – Related<br />
parties.<br />
(ii) Other receivables reflected above is after an allowance for impairment of R 175 644 as reflected below.<br />
Trade and other receivables past due<br />
Trade and other receivables which are less than three months past due are not considered to be<br />
impaired. As at 31 March <strong>2016</strong>, R 666 531 (<strong>2015</strong>: R0) were past due and impaired.<br />
The ageing of trade receivables is as follows:<br />
532 234 1 984 515<br />
Total carrying amount of trade receivables 807 380 1 625 139<br />
Pre-payments relate to expenditure paid for in advance at end of the <strong>report</strong>ing period for which services will only be provided in the<br />
following period.<br />
Current<br />
R<br />
30 days<br />
R<br />
90 days<br />
R<br />
> 90 days<br />
R<br />
Ageing receivables – <strong>2016</strong><br />
Trade receivables 3 454 136 857 - 667 069 807 380<br />
Ageing receivables – <strong>2015</strong><br />
Trade receivables 976 218 - 230 648 691 1 625 139<br />
Total<br />
R<br />
112
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