Note 8: Receivables
| Actual 2014/15 | Actual 2013/14 | |
|---|---|---|
| $000 | $000 | |
| Receivables under exchange transactions | ||
| Debtors | 8,784 | 6,464 |
| Other receivables | 9 | 6 |
| Total receivables under exchange transactions | 8,793 | 6,470 |
| Total receivables under non-exchange transactions | - | - |
| Total receivables | 8,793 | 6,470 |
The carrying value of receivables approximates their fair value.
The ageing profile of receivables at year-end is detailed below:
| Actual 2014/15 | Actual 2013/14 | |||||
|---|---|---|---|---|---|---|
| Gross $000 | Impairment $000 | Net $000 | Gross $000 | Impairment $000 | Net $000 | |
| Not past due | 6,994 | - | 6,994 | 5,115 | - | 5,115 |
| Past due 1-30 days | 946 | - | 946 | 938 | - | 938 |
| Past due 31-60 days | 437 | - | 437 | 349 | - | 349 |
| Past due 61-90 days | 155 | - | 155 | 3 | - | 3 |
| Past due over 90 days | 252 | - | 252 | 59 | - | 59 |
| Carrying amount | 8,784 | - | 8,784 | 6,464 | - | 6,464 |
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 years and review of specific debtors.
There are no specific debtors assessed as requiring a provision this year.
Movements in the provision for impairment of receivables are as follows:
| Actual 2014/15 | Actual 2013/14 | |
|---|---|---|
| $000 | $000 | |
| Balance at 1 July | - | 85 |
| Provisions written back during the year | - | (85) |
| Balance at 30 June | - | - |