Note 8: Debtors and other receivables

Annual Report for the year ended 30 June 2010.
Actual
Actual
2009
2010
$000
$000
5,052 Debtors 5,749
(223) Less provision for impairment of receivables (246)
4,829 Net debtors 5,503
0 Other receivables 1
4,829 Total receivables 5,504
  Represented by:  
4,829 Current 5,488
0 Non Current 16 
4,829 Total 5,504

The carrying value of debtors and other receivables approximates their fair value.

As of 30 June 2010 and 2009, all overdue receivables have been assessed for impairment and appropriate provisions applied, as detailed below:


2009 2010

Gross Impairment Net Gross Impairment Net 

$000 $000 $000 $000 $000 $000
Not past due 3,768 3,768 520 520
Past due 31-60 days 454 454 3,819 3,819
Past due 61-90 days 186 186 850 850
Past due 91-120 days 226 226 178 178
Past due >120 days 418 (223) 195 383 (246) 137 
Carrying amount 5,052 (223) 4,829 5,750 (246) 5,504

The impairment provision has been calculated based on expected losses for the Office’s pool of debtors. Expected losses have been determined based on an analysis of the Office’s losses in previous periods and review of specific debtors.

Movements in the provision for impairment of receivables are as follows:

Actual   Actual
2009   2010
$000   $000
161 Balance at 1 July 223
62 Additional provisions made during the year 23
0 Receivables written off during the period 0
223 Balance at 30 June 246
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