AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 Current 30-60 days 60-90 days 90 + days Total Net financial asset 2018 R’000 13,117 906 385 8,298 22,706 Net financial asset 2018 R’000 19,421 515 291 11,284 31,511 # Represents gross debtors of R15 580 (2017: R38,872) of which and impairment allowance of R9,288 (2017: R20,603) has been provided for as indicated above. * Refer to Note 1.18 where it is noted that the payment schedule that was in place and that had failed, has been restructured. Agreements incorporating restructuring arrangements have been concluded. The restructured arrangement significantly increases the likelihood of payment by the debtor in the next 12 months. Refer Note 27. Credit quality information for financial assets that are neither past due nor impaired: Group R’000 Carrying amount Credit Quality Trade receivables 11,555 Medium 13,241 Medium Cash and cash equivalents 429 High 1,983 High Company R’000 Carrying amount Credit Quality Cash and cash equivalents 55 High 78 High 87 Renegotiated loans 2018 2017 Carrying amount Credit quality 2018 2017 Carrying amount Credit quality The carrying amount of the financial assets included above that would have been past due or impaired had their terms not been renegotiated are: Group R’000 Carrying amount of renegotiated loans 2018 Carrying amount of renegotiated loans 2017 Trade and other receivables 5,679 8,747 The company did not have any renegotiated loans and receivables in 2018 and 2017.
AFRICAN DAWN 2018 Annual Report
To see the actual publication please follow the link above