117 / 156
11.
Trade and other receivables
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Rent receivable
19 436
32 750
19 436
22 820
Allowance for doubtful debts
(10 704)
(18 557)
(10 704)
(8 869)
Other receivables
78 420
89 493
69 579
88 678
87 152
103 686
78 311
102 629
Movements in allowance for doubtful debts
Opening balance – 1 July
(18 557)
(8 974)
(8 869)
(8 974)
Restructure of African Land
9 688
Allowance for doubtful debts
(7 391)
(12 577)
(7 391)
(2 889)
Receivables written off during the year
5 556
2 994
5 556
2 994
Closing balance – 30 June
(10 704)
(18 557)
(10 704)
(8 869)
Ageing of impaired receivables
Current
4 109
3 426
4 109
3 426
30 days
2 527
1 172
2 527
1 172
60 days
1 049
1 847
1 049
1 034
90+ days
3 019
12 112
3 019
3 237
10 704
18 557
10 704
8 869
Ageing of receivables past due but not impaired
30 days
2 657
2 507
2 657
2 265
60 days
300
1 489
300
1 489
90+ days
1 309
1 309
Total
2 957
5 305
2 957
5 063
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.
12. Cash and cash equivalents
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Cash held on call account as security for municipal and other
guarantees
10 533
8 620
10 533
8 620
Bank balances and cash
73 308
68 733
52 437
52 637
Balance at end of year
83 841
77 353
62 970
61 257
115
Hyprop Investments Limited
Integrated Report 2015