AnnuAl REPORT 2011-2012 - Sbs

NOTES TO THE FINANCIAL STATEMENTS
7(b) trade and other receivables (cont.)
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Receivables are expected to be recovered in:
No more than 12 months 16,898 15,668 15,937 14,274
More than 12 months – – – 1,200
total trade and other receivables (net) 16,898 15,668 15,937 15,474
Receivables are aged as follows:
Current (not overdue)
Overdue by:
15,614 14,326 14,863 14,132
– 0 to 30 days 362 477 362 477
– 30 to 60 days 118 241 118 241
– 61 to 90 days 332 71 332 71
– more than 90 days 502 587 292 587
1,314 1,376 1,104 1,376
total receivables (gross) 16,928 15,702 15,967 15,508
The impairment allowance account is aged
as follows:
Overdue by:
– more than 90 days 30 34 30 34
total impairment allowance account 30 34 30 34
Reconciliation of the impairment allowance
account
Movements in relation to the financial period
(goods and services)
Opening Balance 34 – 34 –
Amounts written off (17) (46) (17) (46)
New 13 80 13 80
Closing Balance 30 34 30 34
96 SBS