Note 8: Debtors and other receivables
Annual Report 2010/11.
| Actual 2010 $000 |
Actual 2011 $000 |
|
|---|---|---|
| 5,749 | Debtors | 6,195 |
| (246) | Less provision for impairment of receivables | (192) |
| 5,503 | Net debtors | 6,003 |
| 1 | Other receivables | 0 |
| 5,504 | Total receivables | 6,003 |
| Represented by: | ||
| 5,488 | Current | 6,003 |
| 16 | Non Current | 0 |
| 5,504 | Total | 6,003 |
The carrying value of debtors and other receivables approximates their fair value.
As at 30 June 2011 and 2010, all overdue receivables have been assessed for impairment and appropriate provisions applied, as detailed below:
| 2010 | 2011 | |||||
|---|---|---|---|---|---|---|
| Gross $000 |
Impairment $000 |
Net $000 |
Gross $000 |
Impairment $000 |
Net $000 |
|
| Not past due | 520 | - | 520 | 3,838 | - | 3,838 |
| Past due 1-30 days | 3,819 | - | 3,819 | 1,814 | - | 1,814 |
| Past due 31-60 days | 850 | - | 850 | 111 | - | 111 |
| Past due 61-90 days | 178 | - | 178 | 90 | - | 90 |
| Past due >90 days | 383 | (246) | 137 | 342 | (192) | 150 |
| Carrying amount | 5,750 | (246) | 5,504 | 6,195 | (192) | 6,003 |
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 2010 $000 |
Actual 2011 $000 |
|
|---|---|---|
| 223 | Balance at 1 July | 246 |
| 23 | Additional provisions made/(reversed) during the year | (54) |
| 0 | Receivables written off during the period | 0 |
| 246 | Balance at 30 June | 192 |