070917_KPGHL_Annual Report 2017_final_PREVIEW

Notes to the Financial Statements | For the Year Ended 30 June 2017
7 Cash and cash equivalents
2017 2016
$ $
Cash at bank and in hand 3,212,746 661,383
Reconciliation of cash
Cash and cash equivalents reported in the consolidated statement of cash flows are reconciled to the equivalent
items in the consolidated statement of financial position as follows:
2017 2016
$ $
Cash and cash equivalents 3,212,746 661,383
Bank overdrafts 16 (2,025,261) (2,239,393)
Balance as per consolidated
statement of cash flows
8 Trade and other receivables
1,187,485 (1,578,010)
2017 2016
$ $
CURRENT
Trade receivables 6,596,354 2,934,877
Provision for impairment (a) (245,814) (28,927)
Accrued income 1,443,021 61,666
Total current trade and other
receivables
7,793,561 2,967,616
(a) Impairment of receivables
Reconciliation of changes in the provision for impairment of receivables is as follows:
Notes to the Financial Statements
2017 2016
$ $
Balance at beginning of the year 28,927 63,959
Additional impairment loss
recognised
243,238 -
Provision used (17,354) (14,325)
Reversal of impairment (8,997) (20,707)
Balance at end of the year 245,814 28,927
(b) Aged analysis
The ageing analysis of receivables is as follows:
2017 2016
$ $
0-30 days 3,843,619 1,906,702
31-60 days 883,243 301,073
61-90 days (past due not impaired) 435,722 204,633
91+ days (past due not impaired) 1,187,956 493,542
91+ days (considered impaired) 245,814 28,927
6,596,354 2,934,877
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