| NOTES TO THE FINANCIAL STATEMENTS l NOTE 11 |
|
11. |
Trade and other receivables |
| |
| |
GROUP
June 2014
R000 |
|
GROUP
June 2013
R000 |
|
COMPANY
June 2014
R000 |
|
COMPANY
June 2013
R000 |
|
| Rent receivable |
32 750 |
|
19 213 |
|
22 820 |
|
19 213 |
|
| Allowance for doubtful debts |
(18 557) |
|
(8 974) |
|
(8 869) |
|
(8 974) |
|
| Listed property securities — accrued distribution |
|
|
113 262 |
|
|
|
113 262 |
|
| Other receivables |
89 493 |
|
100 674 |
|
88 678 |
|
95 792 |
|
| |
103 686 |
|
224 175 |
|
102 629 |
|
219 293 |
|
| Movements on allowance for doubtful debts |
|
|
|
|
|
|
|
|
| Opening balance — 1 July/1 January |
(8 974) |
|
(10 239) |
|
(8 974) |
|
(10 239) |
|
| Allowance for doubtful debts |
(12 577) |
|
(2 334) |
|
(2 889) |
|
(2 334) |
|
| Receivables written off during the year |
2 994 |
|
3 599 |
|
2 994 |
|
3 599 |
|
| Closing balance — 30 June |
(18 557) |
|
(8 974) |
|
(8 869) |
|
(8 974) |
|
| Ageing of impaired receivables |
|
|
|
|
|
|
|
|
| Current |
3 426 |
|
4 661 |
|
3 426 |
|
4 661 |
|
| 30 days |
1 172 |
|
1 618 |
|
1 172 |
|
1 618 |
|
| 60 days |
1 847 |
|
828 |
|
1 034 |
|
828 |
|
| 90+ days |
12 112 |
|
1 867 |
|
3 237 |
|
1 867 |
|
| |
18 557 |
|
8 974 |
|
8 869 |
|
8 974 |
|
| Ageing of receivables past due but not impaired |
|
|
|
|
|
|
|
|
| 30 days |
2 507 |
|
1 796 |
|
2 265 |
|
1 796 |
|
| 60 days |
1 489 |
|
1 446 |
|
1 489 |
|
1 446 |
|
| 90+ days |
1 309 |
|
1 160 |
|
1 309 |
|
1 160 |
|
| Total |
5 305 |
|
4 402 |
|
5 063 |
|
4 402 |
|
No interest is charged on trade receivables if payment is received within seven days from the date of invoice. Thereafter interest is
charged at prime plus 2%. The allowance for doubtful debts has been determined on a tenant by tenant basis, taking into account
the circumstances of each tenant. The maximum exposure to credit risk at the reporting date is the fair value of each class of
receivable. Save for national tenants, a deposit in the form of cash or bank guarantee is obtained from the tenant in terms of Hyprop’s
deposit policy. Furthermore, and only if required, a deed of suretyship will be obtained from a tenant.
Management believes that there are no significant trade receivables that are doubtful that have not been provided for as doubtful
debts or written off.
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| NOTES TO THE FINANCIAL STATEMENTS l NOTE 11 |
|
|