| |
|
| 2021
R'm |
2020
R'm |
| Trade receivables |
3 529 |
3 616 |
| Less: Provision for ECL |
(432) |
(403) |
| Net trade receivables |
3 097 |
3 213 |
| Accrued income |
415 |
222 |
| Other receivables1, 3 |
294 |
379 |
| Prepaid expenses |
235 |
232 |
| Balance at 30 September |
4 041 |
4 046 |
| Reconciliation of provision for ECL? |
| |
| Balance at 1 October |
(403) |
(220) |
| Recovery of amounts previously provided for |
– |
4 |
| Disposal of a subsidiary |
14 |
– |
| ECL raised from continuing operations |
(116) |
(171) |
| ECL raised from discontinued operation |
– |
(15) |
| Debt written off |
51 |
33 |
| Effect of foreign currency movement |
22 |
(34) |
| Balance at 30 September |
(432) |
(403) |
| 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 32 – risk management (credit risk). |
| 3 |
Other receivables consist of a number of insignificant balances. |
The carrying amounts of the trade receivables include some receivables balances in AMG, 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.
|