| 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 |
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
(10 704) |
|
(18 557) |
|
(10 704) |
|
(8 869) |
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
|
|
|
|
|
|
|
| 30 days |
2 657 |
|
2 507 |
|
2 657 |
|
2 265 |
|
| 60 days |
300 |
|
1 489 |
|
300 |
|
1 489 |
|
| 90+ days |
|
|
1 309 |
|
|
|
1 309 |
|
|
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. |