Note 8: Debtors and other receivables
| Actual 2011 $000 |
Actual 2012 $000 |
|
|---|---|---|
| 6,195 | Debtors | 6,782 |
| (192) | Less provision for impairment of receivables | (178) |
| 6,003 | Net debtors | 6,604 |
| 0 | Other receivables | 148 |
| 6,003 | Total debtors and other receivables | 6,752 |
| Represented by: | ||
| 6,003 | Current | 6,752 |
| 0 | Non-current | 0 |
| 6,003 | Total | 6,752 |
The carrying value of debtors and other receivables approximates their fair value.
As at 30 June 2012 and 2011, all overdue receivables have been assessed for impairment and appropriate provisions applied, as detailed below:
| 2011 | 2012 | |||||
|---|---|---|---|---|---|---|
| Gross $000 |
Impairment $000 |
Net $000 |
Gross $000 |
Impairment $000 |
Net $000 |
|
| Not past due | 3,838 | 3,838 | 5,537 | 5,537 | ||
| Past due 1-30 days | 1,814 | 1,814 | 733 | 733 | ||
| Past due 31-60 days | 111 | 111 | 162 | 162 | ||
| Past due 61-90 days | 90 | 90 | 0 | 0 | ||
| Past due >90 days | 342 | (192) | 150 | 350 | (178) | 172 |
| Carrying amount | 6,195 | (192) | 6,003 | 6,782 | (178) | 6,604 |
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 2011 $000 |
Actual 2012 $000 |
|
|---|---|---|
| 246 | Balance at 1 July | 192 |
| (54) | Decrease in provisions made during the year | (14) |
| 0 | Receivables written off during the year | 0 |
| 192 | Balance at 30 June | 178 |