| |
|
| 2020
R'm |
|
2019
R'm |
|
|
|
|
|
|
| Trade receivables |
3 616 |
|
3 332 |
|
| Less: Provision for expected credit losses |
(403) |
|
(220) |
|
| Net trade receivables |
3 213 |
|
3 112 |
|
| Other receivables1, 3 |
601 |
|
635 |
|
| Prepaid expenses |
232 |
|
176 |
|
| Balance at 30 September |
4 046 |
|
3 923 |
|
| Reconciliation of provision for expected credit losses2 |
|
|
| |
| Balance at 1 October |
(220) |
|
(239) |
|
| Adjustment upon adoption of IFRS 9 |
– |
|
20 |
|
| Restated balance at 1 October |
(220) |
|
(219) |
|
| Recovery of amounts previously provided for |
4 |
|
– |
|
| Expected credit losses raised |
(186) |
|
(19) |
|
| Debt written off |
33 |
|
18 |
|
| Effect of foreign currency movement |
(34) |
|
– |
|
| Balance at 30 September |
(403) |
|
(220) |
|
| 1 |
While other receivables are also subject to the impairment requirements of IFRS 9, the identified impairment loss was negligible. The provision was calculated using a simplification of the general provision method. |
| 2 |
Refer note 31 – risk management (credit risk). |
| 3 |
Other receivables consist of a number of insignificant balances. The largest balance relates to accrued income relating to the international operations. |
The carrying amounts of the trade receivables include some receivables balances in Alliance Medical which are factored on a full recourse basis, and hence which the Group continues to recognise in their entirety in the statement of financial position. The amount repayable under the factoring agreement is presented as a secured borrowing in note 20.
|